ES - How to rollover to June

smallville · Mar 19, 2009

Hi,

I'm new in trading ES. I have 1 March contract short position. How do I rollover to JUNE contract?
Thanks a lot for your help.

Sara

auspiv · Mar 19, 2009

buy back the march and sell the june?

smallville · Mar 19, 2009

I'm using IB, does it automatically rollover my current March contract to June?

If I don't do anything for my March contract, what will happen on Friday?

Thanks.

jeb9999 · Mar 20, 2009

Quote from smallville:

I'm using IB, does it automatically rollover my current March contract to June?

If I don't do anything for my March contract, what will happen on Friday?

Thanks.

IB does not roll your ESH9 contract to a ESM9 contract.

It settled in cash at 09:30 EDT. Refer to http://www.clearing21.com/trading/prd/equity/settlement.html for the procedure.

smallville · Mar 20, 2009

looks like the page can not be open.
But thanks.

jeb9999 · Mar 20, 2009

Sorry that the link I gave doesn't work. It was working when I posted it, but not now.

Instead try http://www.cmegroup.com/trading/equity-index/settlement.html

RiceRocket · Mar 21, 2009

@$%#!!!!!, Why the hell are you trading futures with no knowledge of risks and procedures?

Surdo · Mar 21, 2009

Quote from RiceRocket:

@$%#!!!!!, Why the hell are you trading futures with no knowledge of risks and procedures?

RELAX!!!

I would wager the OP probably makes more than you.

B F D they have no clue.