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Which of the following statements is correct about closing (exiting) the futures position before maturity? You will close at a gain if you were short
Which of the following statements is correct about closing (exiting) the futures position before maturity?
You will close at a gain if you were short and the futures price went up between enter and exit | ||
The clearinghouse will close your position at your first indication even if no other trader can take your place in the market
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If you are long, you will need to short the same contract to exit | ||
Even if you close prior to maturity, you are still responsible for taking (making) delivery of the underlying asset |
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