Farther Out

farther out

Of or relating to an option contract with a later expiration date than a contract that is currently owned or being considered. For example, a contract with a May expiration date is farther out than a contract with a February expiration date of the same year.

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Farther Out

An option contract with an expiration date after another option contract. For example, one may consider taking a long position in a call while taking a short position in a farther out call as part of one's investment strategy.