Hi, I got a "stupid" question, which month do options on futures settle into and is there a website that has this info, I searched all over NYMEX website and couldn't find any info? I mean, say April options on copper futures, do they settle into Apil futures or.....? Thanks!
Nevermind, found the answer already. For anyone interested, options settles into the same month futures, so April options settle into April futures. Here's a NYMEX brochure that metions this: A Guide to Metals Hedging