ES Journal Archive (2009 - 2010)

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It always seems like the front-month contract trades 5-point premium to the next expiry. Well, at least for the last 2 years that I can remember. Why the hell is that?

Also does anyone know by how much the two contracts converge as we near the expiration? I believe someone discussed this in detail but I can't find it.
 
Quote from gkramer:

Luck is for the ill prepared. We just made a 35 pt move from major support to major resistance. There's money to be made in between.

But did you honestly think we would go from one extreme to the other in one day, most of the move coming in AH (of all hours!).

Anyway, I hear Santa's throwing a party early this year.
 
Quote from gkramer:

Luck is for the ill prepared. We just made a 35 pt move from major support to major resistance. There's money to be made in between.

Shorts only cover as it's going away from them.

I was wishing you well, not questioning your ability. These type of days caught me more than once.

Everything is tradeable.
 
Quote from schizo:

It always seems like the front-month contract trades 5-point premium to the next expiry. Well, at least for the last 2 years that I can remember. Why the hell is that?

Also does anyone know by how much the two contracts converge as we near the expiration? I believe someone discussed this in detail but I can't find it.

check mypivots schizo. it was a thread topic that went in detail on contract expiry and changeover.
 
Quote from Trvlwanderer:

I was wishing you well, not questioning your ability. These type of days caught me more than once.

Everything is tradeable.

No offense taken whatsoever. I was just thinking out loud.

I appreciate your posts.
 
Quote from emg:

if the es goes up, short 1212.00

I'll be joining ya. :)

Quote from Trvlwanderer:

check mypivots schizo. it was a thread topic that went in detail on contract expiry and changeover.

Thanks, but do you have the specific link to the thread or know the thread name?

I guess what I want to know is why the difference between the two contracts is always 5 points rather than, say, 20 points. As I said already, that difference has been pretty consistent for the last 2 years.
 
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