A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Frequently Asked Questions
The nearest expiration date for ISO New England North East Massachusetts Zone 5 MW Off-Peak Calendar-Month Day-Ahead LMP Futures (Nov 2014) is Nov 28, 2014.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell ISO New England North East Massachusetts Zone 5 MW Off-Peak Calendar-Month Day-Ahead LMP Futures (Nov 2014) before Nov 28, 2014.