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Economic Perspectives, Vol. 10, No. Jaunuary/February, 1986
Futures Options and Their Use by Financial Intermediaries
Since the fall of 1982, futures exchanges in the United States have been allowed to trade options on futures contracts. These new option contracts give the option holder the right, but not the obligation, to buy or sell a futures contract at a specified price until a fixed future date. Currently, 25 futures option contracts are traded: ten agricultural contracts, five contracts on gold and silver futures and ten contracts on foreign currencies, debt instruments and stock indices.


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