Futures Pack

Futures Pack

A type of futures order enabling purchase of a predefined number of futures contracts in four consecutive delivery months.

Notes:

Futures packs are differentiated by using colors to identify each group of contracts. A pack order is divided into white, red, green, blue and gold. A white pack starts with the soonest delivery month and covers the first four quarterly months in the first year. A red pack starts with the fifth quarterly delivery month and covers all quarterly months in year two and so on for the rest of the colors.

See also: Commodity Futures Contract, Current Delivery, Delivery Month, Futures Contract, Nearby Month