What does car and handle mean in regards to the futures market?

In the futures market, "carrying" refers to the costs associated with holding a position in a futures contract, which may include storage, insurance, and financing costs. Conversely, "handle" typically refers to the numerical value or price level of a futures contract, often expressed in a specific format. Together, these terms illustrate the relationship between the costs of maintaining a position and the market price of the contract. Understanding both is crucial for traders when evaluating the profitability of futures trades.