The exercise of an option that enables the seller of a Treasury bond futures contract to deliver it after the close of trading. The transaction is settled at the cheapest delivery price of the day's trading often giving the seller a "short" profit.
Related information about wild card play:
- Wild Card Play Definition | Investopedia
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- Wild Card Play - Financial Dictionary - The Free Dictionary
The ability for the seller of a futures contract to give notice of delivery for a certain period of time after the exchange on which the contract was trading has already ...
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