Hi,
I had just looked at the FnO sections of CRUDEOILM and CRUDEOIL.
First, I wanted to know the mechanism of CRUDEOILM and CRUDEOIL futures.
Also, for CRUDEOIL options, it was written they “Devolves into Futures”.
I was looking at CRUDEOILM options, do they have a similar expiry mechanism.
Means if one expiry one leaves options position, do they have to take any delivery of any physical goods or is it cash-settled ?