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Does this mean that if i am trading contract on that day I will have to take the actual oil ? How do they deliver the oil? |
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First notice day is the first day that a contract CAN be assigned to you. That is if you are short and oil contracts , you may get a Notice to deliver oil to fulfill the contract. Note , that i said MAY It may not happen on first notice day, but it will happen before the contract expires. |
This was a longer question , but I split it into two.