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Back monthA futures or options contract that is far into the future and thus far from expiry.
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Back monthBack-month contracts are those exchange-traded derivatives (ETD) contracts with the most distant delivery dates or expirations. For a suite of 12 monthly contracts, for example, the last three months [..]
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Back monthThe out, or back, contract month, as opposed to the current contract month; the expiration month farther in the future than the current, or spot, month.
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Back monthan option expiration month later than the current month
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