CME Group Is Launching Elon Musk's Tesla and SpaceX Futures Contracts on July 27. Here's the Investment Case.
They're not really an investment in and of themselves, but they can certainly help you manage a more traditional position in either stock.
Overview
There will soon be a new way to trade shares of Tesla (NASDAQ: TSLA) and Space Exploration Technologies (NASDAQ: SPCX). On June 27, commodities and futures exchange CME Group will introduce futures contracts on both tickers.
That won't be of much interest to most investors. For a small segment of the market, though, there's a case to be made for reaching into this toolbox.
Details
But first things first. What are futures?
Source
Originally published at www.fool.com.
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