Top Bordeaux estates, including Château Lafite Rothschild and Cheval-Blanc, have cut 2024 futures prices by 27–31%, marking the lowest levels since 2014. This shift reflects a response to ...

Identifying pricing discrepancies between the fair value and market price allows traders to execute arbitrage strategies, ensuring the futures price does not deviate significantly from its fair value.

While futures closely track the underlying asset (with a delta near 1), they do not lose value as options do with time; instead, their price converges to the spot price at expiry.