Trading CL & NG for 2012 delivery

S

Sparohok

I want to trade the far end of the delivery curve, 2012 or later, for a long term position. How can I find liquidity in those contracts?

I am looking at the Nymex CL and NG contracts on IB, and most of the far contracts don't even have a two sided quote. There's doesn't seem to be anyone trading them, at least not electronically.

How do I send an order to the pits & get a reasonable execution? Should I be looking at a different exchange or contract?

Thanks,
Martin
 
Quote from Sparohok:

I want to trade the far end of the delivery curve, 2012 or later, for a long term position. How can I find liquidity in those contracts?

I am looking at the Nymex CL and NG contracts on IB, and most of the far contracts don't even have a two sided quote. There's doesn't seem to be anyone trading them, at least not electronically.

How do I send an order to the pits & get a reasonable execution? Should I be looking at a different exchange or contract?

Thanks,
Martin
More...

Here's an idea ... (although I don't trade this way)

You can enter them via a calendar spread ... sometimes the spreads trade tighter than the bid/ask appears. Then you can exit the liquid front month outright.
 
Quote from Sparohok:

I want to trade the far end of the delivery curve, 2012 or later, for a long term position. How can I find liquidity in those contracts?

I am looking at the Nymex CL and NG contracts on IB, and most of the far contracts don't even have a two sided quote. There's doesn't seem to be anyone trading them, at least not electronically.

How do I send an order to the pits & get a reasonable execution? Should I be looking at a different exchange or contract?

Thanks,
Martin
More...

For NYMEX CL, there is decent liquidity for the futures out to Dec 12. Even Dec 13 and 15 have a decent amount of liquidity. There is really only liquidity in the December contracts beyond 2008. You can trade these electronically without much of a problem.

For NYMEX NG, you are out of luck beyond the next few months, and would probably have to trade those longer dated contracts through the pit. I have no idea how much slippage you would get but they are criminal down there in the pit.
 
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