Back

Distant month

A traded futures delivery month or option expiration month other than the traded front month or months.

(1) By extension, this term also designates the contract that expires during the more distant months. In this sense, the term deferred futures may be used. (2) For certain futures contracts, trading is focused on the first two delivery months: the first is then called the front month while the second is the back month.

Synonyms and variations

  • Back month
  • Deferred futures
  • Far month
  • Forward month
  • Out month

Compare with