Rollover to the "U" contract today?

[high99]

Today at 9:30 is the day to rollover to the September contract, which is "U"?
Right?

 

[vanilla2]

i've been wondering how this works. hypothetically, if you're holding a june ES, does IB automatically roll it forward to september, or is any action required?

 

[Tech Analysis]

Yes, rollover at 930ET, no IB does not do it for you.

 

[vanilla2]

thanks very much for the info. just out of curiosity, what happens if you don't exit the june position - does it expire worthless at 9:30?

 

[Ebo]

Its called delivery!
Assuming you are long The ESM03.
You will take delivery of the contract and therefore be liable $50,200 per contract. ESM and NQM are "commodites futures contracts" as are Orange juice or Pork Bellies Mortimer!
Why don't you see what happens and hold on to the contract.

 

[macal425]

Quote from vanilla2:

thanks very much for the info. just out of curiosity, what happens if you don't exit the june position - does it expire worthless at 9:30?

June contract doesn't expire today. Traders just rollover (start trading) the next contract today. The June contract expires in a couple of weeks (I think).

 

[Tech Analysis]

Quote from macal425:



June contract doesn't expire today. Traders just rollover (start trading) the next contract today. The June contract expires in a couple of weeks (I think).

It expires next week on . . . expiration day

 

[msfe]

last trading dates/settlement dates for the 2003 E-mini S&P 500 contract

June (M) 6/20/2003

Sept (U) 9/19/2003

Dec (Z) 12/19/2003

http://www.cme.com/risk_management/clearing_house/displaycalendar.cfm

 

[oddiduro]

Quote from Tech Analysis:

Yes, rollover at 930ET, no IB does not do it for you.

How do you rollover a contract?

Do you just sell the June and buy the September?

 

[regough]

How do you rollover a contract?

Do you just sell the June and buy the September? [/QUOTE]

BINGO ! ( making sure to adjust your stops )