I'm trying to understand how /ES options work and the more I read the more confused I get.
Is there any difference between /ES and ES?
After having a chat with Interactive Brokers I thought I got it, but then I found this statement that makes it all confusing again: "ES options are not cash settled! ES futures are cash settled, but the options expire into an ES futures position if the option is in the money."
Could anyone please help?
Thank you,
Michael B
Is there any difference between /ES and ES?
After having a chat with Interactive Brokers I thought I got it, but then I found this statement that makes it all confusing again: "ES options are not cash settled! ES futures are cash settled, but the options expire into an ES futures position if the option is in the money."
Could anyone please help?
Thank you,
Michael B