Oil futures question

T

TheStudent

Hoping somebody might know the answer to this.

The NYMEX crude miny contract has an expiration date, a termination date and a notice date.

Is termination = when the contract stops trading & notice = when you give notice as to physical delivery.

Since to my knowledge, the e-miny is a cash settled contract. I guess notice date doesn't apply?

Also, is it just me or does the e-miny not trade in the 3.15-5.30 pm 6.00pm - 9.30am sessions like it is supposed to? I have never been able to get any liquidity in those sessions.
 
do you mind me asking what broker you are using to trade mini crude?

by the way ... the exchange has a bust policy of 6 ticks

so I have found it hard to trade within that zone in after market
pre market hours as there is almost zero liquidity in the contract

then .... and I must look at real time quotes for the big contract
to see the ballpark area for those 6 ticks

as far as your Q on dates for termination of trading its best to ask your broker ASAP , if you are in a position of a soon to expire
month of e mini crude
 
Quote from TheStudent:

...to my knowledge, the e-miny is a cash settled contract.
More...

You are correct. QM & QG are cash settled.

I called NYMEX a while back to make absolutely sure of that. Didn't fancy the idea of an oil truck pulling up outside my apartment if I forgot to close a long position.

:)

saxon
 
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