Competition success magazine Published this article exercise of the option will result in the person being deemed to have entered into a futures contract at a specified price known as the strike price. in some cases an option may confer the right to buy or sell the underlying asset directly and these options are known as options on the physical asset. in the united states an individual cannot trade futures contracts and options on futures contracts directly on an exchange. a person or firm must trade on your behalf. people and firms who trade on your behalf as a customer generally must be registered with the commodity futures trading commission. two general categories of trading accounts: individual account. in an individual account trading is done only for you. an individual account may be setup as either a non-discretionary or a discretionary account. a non-discretionary account means that you will make all of the trading decisions and the broker may not execute any transactions without your prior approval and consent competition success review buy.
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