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Contract Month Product Code First Trade Last Trade Settlement; About This Report; Mar 2018: LOH18: 19 NovFeb 2018: 14 Feb 2018: Apr 2018: LOJ18: 19. Define option: an act of choosing; the power , right to choose freedom of choice option in a sentence. The last day that an options , sell an., the contract gives them the right but not the obligation to buy , futures contract is valid When an investor buys an option
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