Speculative position limit

Speculative Position Limit: The maximum position, either net long or net short, ...

A term frequently used with reference to speculative position limits for options on futures contracts. The futures-equivalent of an option position is the number of options multiplied by the previous day's risk factor or delta for the option series.

Futures-equivalent: A term frequently used with reference to speculative position limits for options on futures contracts.

(d) speculative position limits;
(e) FCM/IB regulations;
(f) CPO/CTA disclosure documents, promotional material and records to be maintained;
(g) arbitration procedures;
(h) NFA disciplinary procedures.

See also: Limit, Position limit, Position, Contract, Futures