CL Journal

What happens to CL Future Contract if I stay with it even after expiration in IB??
Newbie here.. its my first post under Elitetrader forum.. Seems to be very helpful..
 
If IB is a firm that can facilitate physical delivery, they might accommodate you in your sudden need to either unload your 1,000 barrels of oil "short", or assume containment of your 1,000 barrels (long). You're in a world of hurt as a basic retail trader if you get caught in expiry. Pay mind to the FN and LTDs of your futures contracts, whether they be physical or financially settled. Bottom line here is...Do not go into expiration with a physically-deliverable commodity, unless you are well-heeled. But basically, the onus will be on you for the money and storage (or delivery) of the underlying.
 
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Overnight said:
If IB is a firm that can facilitate physical delivery, they might accommodate you in your sudden need to either unload your 1,000 barrels of oil "short", or assume containment of your 1,000 barrels (long). Bottom line here is...Do not go into expiration with a physically-deliverable commodity, unless you are well-heeled. But basically, the onus will be on you for the money and storage (or delivery) of the underlying.
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Afraid Overnight is correct - you will want to call your broker immediately...
 
Thank you guys for Reply, What is Rollover thing in future, isnt my future contract gets roll over to next coming month If I dont Exit position by expiration ..??
 
Buy1Sell2 said:
Ja Baby! --has anyone been with me on this all the way?
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Yep, I have been watching all the way. Nice going, OP.

I think that your premise of an uptrend has been justified.

No big deal, but there's no Nov./Dec. roll that I noticed.
 
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donnap said:
Yep, I have been watching all the way. Nice going, OP.

I think that your premise of an uptrend has been justified.

No big deal, but there's no Nov./Dec. roll that I noticed.
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You may have not noticed a Nov/Dec roll (yet, it is still too early), but it seems some Saudi heads are going to roll. Beheadings in the near future! Yikes!
 
donnap said:
Yep, I have been watching all the way. Nice going, OP.

I think that your premise of an uptrend has been justified.

No big deal, but there's no Nov./Dec. roll that I noticed.
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Lost interest in posting for a while, but rest assured, the roll continues. You are referring to Oct/Nov
 
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