What is a stock futures contract?

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What is a stock futures contract?

A stock futures contract is a legally binding agreement between two parties to buy or sell a specified quantity of shares of a particular stock at a predetermined price on a future date. It is a derivative instrument that allows investors to speculate on the future price movements of the underlying stock. The contract's value is derived from the underlying stock, and it provides investors with the opportunity to hedge against potential price fluctuations or to profit from anticipated price movements.