Contract specifications Closing out positions(cont,) Majority of the futures contracts do not lead to delivery Your gain or loss is determined by the change in the futures prices between March 6 and april 12 Charles cao5 Charles Cao Contract Specifications ◼ Closing out positions (cont.) ◼ Majority of the futures contracts do not lead to delivery ◼ Your gain or loss is determined by the change in the futures prices between March 6 and April 12