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Series 3 Last-Minute Review 2026: Futures Math, Margin & Hedging (Cram)

Audio from the Open Exam Hub video of the same name; the video shows the numbers and practice questions on screen.

Taking the Series 3 National Commodities Futures exam tomorrow? This is the last-minute cram: tick values and contract sizes, initial vs maintenance margin, short and long hedges, basis, contango and backwardation, CFTC and NFA roles, and registration categories, plus a practice question. Facts checked as of October 2026.

Full guide
Series 3 exam guide
Free practice questions, study guides and cheat sheets, no signup

Chapters
0:00 The Cram Plan
0:20 Contract Math
1:04 Margin
1:37 Hedging and Basis
2:10 Market Shape
2:29 Regulators
3:07 Test Yourself
3:32 Exam Day

Exam facts are from the official FINRA and NFA pages as of 2026-10-17. Fees and rules can change, so confirm on the official site before you enroll. Open Exam Hub is an independent study resource, not affiliated with FINRA and NFA. Practice questions are not from a real exam. Narration is an AI-generated voice.

Music
"Carefree" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
creativecommons.org/licenses/by/4.0

"Fresh Air" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
creativecommons.org/licenses/by/4.0

"Reminiscing" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
creativecommons.org/licenses/by/4.0

"Almost Bliss" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
creativecommons.org/licenses/by/4.0

Sound effects: Kenney (kenney.nl), CC0.

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