Great explanation, thanks. Do you happen to know far out these contract dates tend to be? Is it standardized, or a thing you negotiate (at normal levels and at giant $0.5B levels like in the article)?
I asked because I figured a trading app would give me a couple standard options (pun intended), but I'm curious about how this works for professionals. I figured it would be clear that I'm not asking whether you typically negotiate a $0.5B contract on robinhood.