### Comment:
If you sell a call on crude futures are you obligated to deliver 1000 barrels of oil to the buyer if you get assigned or can you settle with cash?

### REPLY:
The underlying of the options contract is the futures contract. Ergo, when assigned on the option, you will be in a short futures position. You can net out of those using cash, until the settlement date. If you still have the position on that date, then God help you

### END.