How do I close Sept. Future today?

K

Kendall

I have NQ U8 long. Does it just get rolled over at the end of the day? I can't sell right now, last was 1779 probably 50 points off that now.
 
No, it does NOT automatically get "rolled over"... it's still trading... right? I think it "settles for cash" on the last day of the month (??)

Your risk is still "live", though SEP is no longer the front month.
 
It expired at 9:30 am so I think IB closed it out. Not sure though, hopefully the settlement is close to the high of the day.
 
Quote from GermanTrader:

Volume rolled over a week ago to the new contract. Why trade a contract with dying volume?
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Actually I was trading Sept as late as yesterday. I had puts on (until Wens) and because of that crazy SET system I try to keep my positions apples vs. apples.
 
Quote from Pa(b)st Prime:

Actually I was trading Sept as late as yesterday. I had puts on (until Wens) and because of that crazy SET system I try to keep my positions apples vs. apples.
More...

Ohhhhhhh options... ok, I get it.
 
Quote from GermanTrader:

Ohhhhhhh options... ok, I get it.
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Yea I was using futures against them. But y-day I traded sept naked. Swing trade didn't care about liquidity.

About 3 years ago (might have been 9/05 or there abouts) there was some ridiculous disparity between the index settlement used on the open (SET) and where the index was truly trading. Blew out several options traders. Ever since I try to trade the front until the bitter end.
 
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