A trader in the futures market does not need to hold his or her position open until the delivery month. Suppose that Selina has an open short position in five CBOT July corn futures contracts. What must she do to close out her position prior to July?

A. None of the other answers is correct.

B. Enter a short position in five CBOT July wheat futures contracts.

C. Enter a short position in five CBOT July corn futures contracts.

D. Enter a long position in five CBOT July corn futures contracts.

E. Enter a long position in five CBOT May corn futures contracts.

Answer rating: 100% (QA)

D Enter a long position in 5 CBOT July Corn future contracts In or... View the full answer