Commodity glossary E

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Glossaries - Commodity Glossary

    EFP

  • Exchange For Physical. Actual exchange between an OTC contract and a futures contract which takes place off exchange between parties.
  • EUROPEAN-STYLE OPTION

  • An option that can only be exercised on the expiry date
  • EXCHANGE TRADED OPTIONS 

  • Options on future contracts offered by a recognised futures exchange, such as NYMEX.
  • EXERCISE 

  • The initiation of the right to buy (call) or sell (put) an asset by the option holder at the agreed strike price
  • EXERCISE PRICE (STRIKE)

  • See "sell"

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