Akademik

underlying futures contract

The specific futures contract that is bought or sold by exercising an option. Chicago Board of Trade glossary

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The futures contract covered by an option; for example, a 300 Dec. corn call's underlying futures contract is the December corn futures contract. The CENTER ONLINE Futures Glossary

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A futures contract that supports an option on that future, which is executed if the option is exercised . Bloomberg Financial Dictionary

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The futures contract that may be purchased ( in the case of a call) or sold ( in the case of a put upon the exercise of the option. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.