Nearest month

Nearest Month
Financial & Investment Dictionary:
Nearest Month
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Nearest Month
In options trading or commodity futures, the expiration month that is closest to the current month.

Nearest month
The expiration date of an option or future that is closest to the present.

Spot month The nearest month on a .
Spot price The current market price of the actual physical . Also called cash price.
Spot rate The theoretical on a zero-coupon Treasury .

Antithesis of nearest month. Farther out; farther in Used in the context of options to refer to the relative length of option contract maturities. FASB No. 8 U.S.

Also, it is used to reflect the fact that there may be additional risks associated with holding the nearest month in commodity futures contracts.

Used in the context of option or futures to refer to the trading month of the contract that is farthest away. Antithesis of nearest month.
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The next (or the "next out") futures contract is the one that settles just after the nearby futures contract. The contract farthest away in time from settlement is called the most distant futures contract.
Nearest month ...

Cycle 4, for example, offers options in the two nearest months plus two months from Cycle 3. For example, in mid-April, there would be April, May, June and September expires available.

See also: Expense, Funding, Member Firm, Convertible securities, Banks