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 Dynamic Long VIX Futures Index tracks the performance of the combination of a hypothetical money market instrument and a dynamic strategy that is designed to provide efficient long exposure to the first five nearby futures contracts on the CBOE Volatility Index VIX.
The Lyxor ETF Dynamic Short VIX Futures Index tracks the performance of the combination of a hypothetical money market investment and a dynamic strategy that is designed to provide efficient short exposure to the first two nearby futures contracts on the CBOE Volatility Index VIX.