Hacker News new | past | comments | ask | show | jobs | submit login

Yes (e.g., if you buy CL futures, delivery is in Oklahoma).

QL coal doesn't trade anymore (all the active coal futures I can find now are cash-settled) but delivery seems to have historically been at the discretion of the parties, so the story is at least plausible.




Everything I’ve read seems to say it’s very, very difficult to accidentally take delivery, but it’s not quite impossible.

In related news, there is a Planet Money Podcast (episode called the Eddie Murphy Rule) where they interview the trader who took possession of a bunch of cattle by mistake IIRC.


If you're a normal retail trader, your broker will probably intervene before then.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: