Nearby Month

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Nearby Month

Among several different futures contracts or options, describing the one with the shortest maturity. For example, given three futures contracts, one expiring in March, one in June, and one in September, the nearby month contract is the one expiring in March. It is also called the spot month. See also: Most distant futures contract.
References in periodicals archive ?
The ICIS East Asia Index (EAX) is an arithmetic average of the DES (delivered ex-ship) front month and second month ahead assessments for Japan, South Korea, Taiwan and China.
By the start of May, front month gasoil margins traded on the Ice platform were close to 13 per cent lower at the start of the previous month.
The S&P GSCI Crude Oil Enhanced index adjusts its exposure to the futures curve monthly, dynamically moving between the front month and six month futures contract depending upon the steepness of the curve.
Brent front month (Platts) (1C); group three unleaded gasoline (Platts) (A9); group three unleaded gasoline (Platts) vs.
Front month WTI prices at NYMEX will be more volatile in 2005 than in 2004, although world demand growth last year was the strongest since 1976, at 2.
At the New York Mercantile Exchange on Friday, the front month March contract for crude oil was up 44 cents at $36.
Front month natural gas prices on the New York Mercantile Exchange (NYMEX) tumbled 73 percent from the peak of $15.
The ICIS EAX is an arithmetic average of the DES (delivered ex-ship) front month and second month ahead assessments for Japan, South Korea, Taiwan and China.
In the January series, there are nearly 23,000 calls at the 50 strike, making this the site of heaviest open interest in the front month.
781/MMBtu rise since it became the front month contract on 18 August.
In the October series, which becomes our front month after tonight's close, the 17 put is the site of heaviest open interest, home to more than 22,000 open contracts.
Looking at the figures, I see that most of Friday's activity was the result of position closeouts, as open interest at this front month strike now numbers roughly 10,728 contracts, down from 19,339 contracts at the end of last week.