Sec. 3. As used in this chapter, "commodity contract" means any of the following: (1) A contract for the purchase or sale of a commodity: (A) for future delivery on; or (B) subject to the rules of; a board of trade or contract market under the federal Commodity Exchange Act (7 U.S.C. 1 et seq.) or a board of trade outside the United States. (2) An agreement that is: (A) subject to regulation under Section 19 of the federal Commodity Exchange Act (7 U.S.C. 1 et seq.); and (B) commonly known to the commodities trade as a margin account, margin contract, leverage account, or leverage contract. (3) An agreement or transaction that is: (A) subject to regulation under Section 4c(b) of the federal Commodity Exchange Act (7 U.S.C. 1 et seq.); and (B) commonly known to the commodities trade as a commodity option. (4) A combination of the contracts, agreements, or transactions described in subdivisions (1) through (3). (5) An option to enter into: (A) a contract; (B) an agreement; (C) a transaction; or (D) a combination of contracts, agreements, or transactions; described in subdivisions (1) through (4).
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