Mini Futures

There are two types of mini futures. If you look at the maturity, the first one is in a way the standard setup of an option where you have predefined maturity. So there are actually arguments to show that this with ability or callability will never be actually triggered. The value of the gap risk depends on what not only on the spot and how far the spot is from the barrier, but also what time during the day you price it. For example, let's say we have a mini future that is very close to the barrier, maybe 1% of the barrier. And you will look at it at 9 o'clock in the morning when the market opens, when there is a