NYMEX on IB

[cmaxb]

So I was trading CL (Dec) this morning. TWS informed me that I could not trade this contract as it was too close to physical delivery. I looked up CL on website, it says that it halts trading around the 22nd. Oh well, I can adjust. Then I noticed, January was 80¢ lower than Dec. So if I were to roll, I would be hit with 80¢? Guess I still have a lot to learn.

 

[cmaxb]

I am ssuming there is some kind of roll mechanism. Thank God I can just stick to daytrading.

 

[Gyrene Dertra]

Dec is done today buddy, not the 22nd. There's more liquidity in Jan at this point anyway.

 

[rubibond007]

Physical delivery for Dec contract will start on NOV 22.
Right Now the Jan contract is the fronth month.

BTW: The Nymex e-mini on crude and the ICE WTI contracts are cash settle, you may take a look at those contract if you plan to do some roll.

 

[cmaxb]

Totally unrelated question. If I use 'Day' limit order, sometimes IB complains that it will be executed the next day. I can use "GTC", why not use this flag all the time?