Spot Versus Forward
Assets can have a forward price (a price for delivery in future) as well as a spot price. One can also talk about moneyness with respect to the forward price: thus one talks about ATMF, "ATM Forward", and so forth. For instance, if the spot price for USD/JPY is 120, and the forward price one year hence is 110, then a call struck at 110 is ATMF but not ATM.
Read more about this topic: Moneyness
Famous quotes containing the word spot:
“Stoop, angels, hither from the skies!
There is no holier spot of ground
Than where defeated valor lies,
By mourning beauty crowned!”
—Henry Timrod (1828–1867)