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July Futures Contract
A standardized, legal agreement to buy or sell a commodity or financial asset at a predetermined price at a specified time in July.
Settle Price
The official price at the end of a trading session on a futures exchange, used for calculations of margin and account balances.
Option Premium
The price paid for the rights granted by an options contract, not considering the actual trading of the underlying asset.
June 550 Call
An options contract granting the holder the right, but not the obligation, to buy an underlying asset at a predetermined price of 550 units, expiring in June.
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