S Settlement Price. The price at which the clearing house of the futures exchange clears all the day's trades. The position created by the sale of a futures or options contract which does not offset another position. A hedge taken for protection against falling prices. A trader using the futures market for reasons other than hedging.
Speculators are necessary to provide liquidity for hedgers to execute trades at low costs.
The price at which the buyer of an option contract may choose to exercise the option. A term which refers to a variety of chart following techniques and chart patterns related to market prices. Analysis of the markets based on past price data, rather than fundamental supply and demand information. It is based on a wide array of tools to give buy and sell signals or to predict market direction. Common technical tools include bar charts, contrary opinions, Elliott Wave theory, moving averages, trend analysis, price strength indexes.