Outright Futures Position
A position in a futures contract that is not offset.
Investopedia Commentary
An outright futures position means that an investor has decided against a spread strategy. Instead, he or she will be only either long or short a particular futures contract.
Related Links
Futures Fundamentals
Interpreting Volume for the Futures Market
Getting Started in Foreign Exchange Futures
See also: Commodity, Futures, Futures Contract, Long, Offset, Short, Spread