In reference to the derivatives market,a "speculator":
A) attempts to profit from a change in the futures price.
B) wants to avoid price variation by locking in a purchase price of the underlying asset through a long position in the futures contract or a sales price through a short position.
C) plays a zero-sum game.
D) passes off the risk of price variation to other player, who is better able, or at least more willing, to bear this risk.

Question

Quizplus · Accepted Answer

A speculator attempts to profit from a change in the futures price by taking positions in derivatives contracts. They do not need to have an underlying interest in the asset, and their goal is to make money from the price movements rather than to hedge or manage risk.

In Reference to the Derivatives Market,a "Speculator