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TermDefinition
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.
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).
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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