Difference between N06 and U06?

• 30 May 2006

• #1

S

serp

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Hey, I am looking at this page, http://www.futuresource.com/quotes/options.jsp?s=ADU06&r=AD&style=Adjacent

I'm wondering what is the difference between N06 and U06? Why is one cheaper than the other etc.

 

• 30 May 2006

• #2

wayneL

VIVA LA LIBERTAD, CARAJO!

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Serp

The letter is the month in which the futures contract expires. N is for july, 06 for 2006

F = jan
G = feb
H = mar
J = apr
K = mar
M = lul
N = jul
Q = aug
U = sep
V = oct
X = nov
Z = dec

The differences in price could reflect differences in cost of carry (interest rates) between the two currencies ie AUD vs USD

 

• 30 May 2006

• #3

S

serp

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Ahh I thought it was something to do with the months but the non-corresponding letters threw me!

Thanks for that!