Thursday 13th = Roll Over to March (H)

[Mup]

I wonder how many post we get saying:

WTF is going on with the futs

 

[chewbacca]

explain roll over to me - if i'm long 1 ES for example and the contract expires, what happens? do i get a one contract long position on the march contract? or does the contract just expire and the PL on the position gets booked into my account?

 

[Skog]

Index futures are cash settled.

You may want to look up on the product descriptions of the instruments you trade

 

[forex-forex]

I had a YG mini Gold contract and IB liquidated it in the morning (9:40am EST) at the current price, no extra charges just the standard commissions. This is my EliteTrader post about it: My first YG future gold trade and a question