Investment Terms: I
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This article is from the Investment Terms.
Investment Terms: I
- IDEM Membership (CBOT):
A Chicago Board of Trade membership of trading privileges for futures contracts in the index, debt, and energy markets category (gold, municipal bond index, 30-day fed funds, and stock index futures). - Initial Margin:
See Original Margin. - Intercommodity Spread:
The purchase of a given delivery month of one futures market and the simultaneous sale of the same delivery month of a different, but related, futures market. - Interdelivery Spread:
The purchase of one delivery month of a given futures contract and simultaneous sale of another delivery month of the same commodity on the same exchange. Also referred to as an intramarket or calendar spread. - Intermarket Spread:
The sale of a given delivery month of a futures contract on one exchange and the simultaneous purchase of the same delivery month and futures contract on another exchange. - In-the-Money Option:
An option having intrinsic value. A call option is in-the-money if its strike price is below the current price of the underlying futures contract. A put option is in-the-money if its strike price is above the current price of the underlying futures contract. See Intrinsic Value. - Intramarket Spread:
See Interdelivery Spread. - Intrinsic Value:
The amount by which an option is in-the-money. See In-the-Money Option. - Introducing Broker (IB):
A person or organization that solicits or accepts orders to buy or sell futures contracts or commodity options but does not accept money or other assets from customers to support such orders. - Inverted Market:
A futures market in which the relationship between two delivery months of the same commodity is abnormal. - Invisible Supply:
Uncounted stocks of a commodity in the hands of wholesalers, manufacturers, and producers that cannot be identified accurately; stocks outside commercial channels but theoretically available to the market.
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