| Uncovered Option |
A short call or put option position which is not covered by the purchase or sale of the underlying futures contract or physical commodity.
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| Underlying Futures Contract |
The specific futures contract that the option conveys the right to buy (in case of a call) or sell (in the case of a put).
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| Up Front Fees |
Fees charged to a pool or a managed account prior to commencement of trading for the pool or account.
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