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John Ahaus wrote:
>
> Don S... wrote:
> >
> > If you are long in a May grain contract, when is the last possible day you
> > can stay in? Is it FND, or is it possible to stay in longer (without
> > accepting delivery)?
> >
> > Don S...
> All commodity contracts except currencies are seller's option contracts.
> So sellers have the option of making delivery to buyer at any time
> during the delivery period, but buyers cannot demand elivery from
> sellers. This means longs can carry their position right up to the
> expiration of the contract. (LT day)
Doesn't this mean that *shorts* can carry their positions beyond FND,
not longs? Longs would risk having to take delivery but shorts do not
have to make delivery if they don't want to.
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