What is the meaning of BOBL Futures Option?

BOBL Futures Option is an American option that settles into a BOBL Futures (q. V.) contract. Payment of the option premium is "futures-style, which means none of it occurs immediately, and a piece of it occurs with each daily mark-to-market. An implication of this is that the "buyer" (really, the "long") may pay no premium and the "seller" (really, the "short") may pay all the premium!

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APABarry Goldsmith. (2010). bobl futures option. Retrieved September 26, 2026, from http://smartdefine.org/bobl_futures_option/definitions/1148766
ChicagoBarry Goldsmith. 2010. "bobl futures option" http://smartdefine.org/bobl_futures_option/definitions/1148766 (accessed September 26, 2026).
HarvardBarry Goldsmith 2010, bobl futures option, Smart Define, viewed 26 September, 2026, <http://smartdefine.org/bobl_futures_option/definitions/1148766>.
MLABarry Goldsmith. "bobl futures option" 21 October 2010. Web. 26 September 2026. <http://smartdefine.org/bobl_futures_option/definitions/1148766>