futures contract 

(FINANCE) a financial derivative that consists of a contract to buy a fixed amount of a thing at a fixed price at a fixed time in the future,. For example, a commodity future may specify 1000 British barrels (bbl) of West Texas Intermediate (WTI) crude oil for $85.75/bbl, for delivery at Cushing, OK, on 31 November 2010.

Futures are "written" by the person with the commodity to sell, and sold to either a financial speculator or else to someone who wants the product--in this case, an oil refinery. Sellers/owners do this because they want to be assured of a fixed price for the thing they're selling. The official reason for buying a future is to get a fixed price for something. This allows businesses to plan ahead.

However, since futures contracts are traded on secondary markets, it's possible to make (or lose) a lot of money trading them.

SOMEBODY: A futures contract can be extremely valuable for doing business. One of the best examples was Southwest Airlines, which weathered the oil crisis of 2007-2008 with futures for aviation fuel. When the market price of fuel doubled, Southwest was able pay a low, low contract price.

SOMEBODY ELSE: Doesn't it ever backfire?

SOMEBODY: Yes, the market price could fall through the floor and you'd be stuck paying THAT instead of the new, lower price. But at least you know what your cash flow will be.

futures contract by Abu Yahya April 5, 2010

Futures Scripture 

Future’s wisdom about how to treat women that is to be followed like the Bible.

“Ride for the bros, lie to your hoes”
“The only way ima trip over a bitch is if she sleeping on the floor”
“Don’t be her therapist- be the reason why she sees one”
“Treat her like dirt, and she will stick like mud”

She caught you cheating and you forgave her??Maaaaan you need to go study Futures Scripture

Futures Scripture by DJ Gello January 15, 2021

Blackberry futures

Blackberry futures are the Non-fungible Tokens issued on paper stamped with Winston McKinney foundation in spiritual health notary stamp representing One single gallon of blackberry futures used as payment for the fine of trespass onto The "Private Oklahoma Blackberry Plantation" The generalizing public owes the honorable Lord Bud 22 gallons per family equal to one gallon per year for the last 22 years. These fines are not "DEBTS" and cannot be paid with the standard fiat currency, because it is only for the payment of all debts public and private. Bring one gallon of fresh berries and you will be paid $2 this effectively freezing the value of one American dollar at 1/2 gallon of blackberries forever. I issue the NFT paper tokens for $19.99 for those people without access to a place to pick berries. I give the stamped token and your change of one single penny for your twenty and one year of your fines is paid. You may pay the entire twenty-two years of fines at once and save three pennies if you request 22 Blackberry futures NFT tokens I will give you a Quarter in change. What a wonderful plea bargain for denying the existence of Lord Bud's only begotten son Christ Bob.

Christ Bob: I ask forgiveness for all my trespasses as I have forgiven those who have trespassed against me.
Lord Bud: I do not forgive those who have denied your existence son and will collect the trespass fines for the rest of my day's on earth. Blackberry futures will become the Native standard for evaluating the American Dollar in my jurisdiction the "Private Oklahoma Blackberry Plantation." I pray in the name of Christ Jesus who hosts my spirit in your heart that this becomes a reality.

Blackberry futures by Spiritual-Master January 25, 2022

Bitcoin Futures 

A derivatives contract that is solely based on the price of bitcoin. These contracts can be traded on the CBOE & CME.
# Bitcoin Futures traded on the CBOE goes under the ticker /XBT. It costs a margin requirement of $8,667.00 - TD Ameritrade.
# Bitcoin Futures traded on the CME goes under the ticker /BTC. It costs a margin requirement of $34,174.80 - TD Ameritrade. You can look up the contract specs on your own time.

Liquidity is very low as it costs a lot of money to trade the product. Although, the price is followed fairly closely to the actual bitcoin data via the exchanges bitcoin API of choice. With this low liquidity, you will be paying a lot of money on spread. For example, Buy @ 13360 & Sell @ 13275, you will pay a $425 spread on just one contract. This is on the CME.

Now for the CBOE, Buy @ 13390 & Sell @ 13460, you will simply pay a $70 spread on a contract. Not bad, but less money to be made on the CBOE then the CME.

Bitcoin volatility posses a factor on trading halts. When bitcoin futures first opened to the public for trading. It had received two trading halts in one trading session. If the currency drops anymore than 10%, all orders will be canceled for a certain amount of time.

Wannabe Futures Trader: I received 3 margin calls because bitcoin futures fluctuates through prices like a hot knife in butter.

Bitcoin Futures by EazieWeezie January 11, 2018

Alternate Futures 

Alternate Futures is this ability to go and try to do different things without any of the consequences. You can just revert to a save point in your mind.

Like, you have this set button on you, and when you hit it, anything you do can be reset to that time when you hit the set button

That way you could do whatever you want. Hit the set button, go punch your father and then hit reset. No consequences. It's insane.

Wow

Yo dawg, last night I alternate futured myself, took a plane to LA and met Bruce Willis...

Alternate Futures by Alex Edwards August 16, 2005

Trading Futures 

(In a video game) Selling; choking, causing your team to lose so badly that you are not only selling, you are trading futures in the stock market.
Related to trading in the stock market. An extreme exaggeration compared to the word "selling".

"Bro you're so bad... You're not even selling, you're trading futures!"

Trading Futures by AKwastakenbruh February 27, 2025

Black People Futures 

E mini and E micro futures created by the CME as a way to trade / hedge against black people on the futures exchange

ticker for december 2024: nigz2024 - mnigz2024

bro i just fullported some black people futures

Black People Futures by Spankythemonky November 21, 2024