What are Futures?

The Futures Trade

Remember, the motivation for any trader entering into a futures agreement is to benefit financially, and for which the trader needs to have a directional view on the price of the underlying asset. Perhaps it is time we take up a practical example of a futures trade to demonstrate how this is done. Also, I guess we should move away from the Gold example and look into an example related to the stocks.

Today (15th Dec 2014) the management of Tata Consultancy Services (TCS), a leading Indian Software Company had an investors meet, wherein the TCS management announced that they are cautious about the revenue growth for the December Quarter.  The markets do not like such cautious statements, especially from the company’s management. After the statement, the markets reacted to it and as we can see from the TCS’s spot market quote, the stock went down by over 3.6%. In the snapshot below, the price per share is highlighted in blue. Ignore the red highlight, we will discuss about it shortly.

Image1_TCS

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New worlds: Mars InSight Project Scientist to Join 2020 Mars Society Teleconvention for Update

Dr. Mark Panning, Project Scientist and Co-Investigator for NASA’s Mars InSight lander, currently operating on the Martian surface, will be joining us virtually to provide a mission update during the 23rd Annual International Mars Society Convention, scheduled for October 15-18.

After spending almost a decade at the University of Florida in the geological sciences division, Dr. Panning joined JPL in 2017 to focus on planetary interiors using seismology. He is also Co-Investigator on the Dragonfly mission to Titan, currently in development. He has also worked on modeling possible seismic signals on Europa, Titan, Enceladus and other icy ocean worlds.

After completing his Ph.D. in Geophysics from the University of California (Berkeley) with a focus on modeling 3D structure of the Earth’s mantle using seismic tomography, Dr. Panning stayed on at the school to do post-doctoral research extending seismic approaches to modeling how to use potential seismic data from Europa.

This year’s global Mars Society teleconvention will be free of charge (although donations are welcome). For full registration details, please click here. Regular updates, including a list of confirmed speakers, will be posted in the coming weeks on the Mars Society web site and its social media platforms.

NOT MARS : Wadi Rum, Jordan in 4K Ultra HD

Wadi Rum Protected Area is famous for its stunning desert landscape, spectacular sandstone mountains, desert valleys, canyons, dunes, arches. It is also known as The Valley of the Moon. Wadi Rum has been used as a filming location in ‘Lawrence of Arabia’, ‘Prometheus’, ‘The Martian’ and many other movies. Wadi Rum Protected Area is inscribed as natural and cultural UNESCO World Heritage site (quote): “It features a varied desert landscape consisting of a range of narrow gorges, natural arches, towering cliffs, ramps, massive landslides and caverns. Petroglyphs, inscriptions and archaeological remains in the site testify to 12,000 years of human occupation and interaction with the natural environment.” Recorded April 2017 in 4K Ultra HD with Sony AX100.