Dude, I am referring to the roll not being too exciting (relatively speaking)... Sorry for not being too clear.
No, no cattle or lean hogs for me. I take delivery whenever I have a basis position and don't wanna do the roll.
Volume on USM09 vs. USU09
- Thread starter Mike805
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No, no cattle or lean hogs for me. I take delivery whenever I have a basis position and don't wanna do the roll.
Herr LVM, I am referring to delivery of cash bonds, specifically. I don't play in any physical commodity mkts.
Delivery doesn't happen too often, to be fair, but it does happen and I have never had issues with it (actually, happened once, when an idiot colleague forgot that he was short into contract expiry; wasn't pretty).
Delivery doesn't happen too often, to be fair, but it does happen and I have never had issues with it (actually, happened once, when an idiot colleague forgot that he was short into contract expiry; wasn't pretty).
Institutional investors are rolling their positions. This normally happens 2-3 weeks before expiry. There is no exact timing. It's best to roll as the market rolls, Type TYU9 CMDTY GP <GO> and you can see that it conveniently shows roll volume vs time. We have a specific time we might want to roll, but if the market isn't rolling at that point we will wait 1 or 2 days. Brokers are transparent about this when you call them up. For example, "Joe, I want to roll TY contract today, what is market support" "Market can handle 15K right now" So instead of rolling 50K position, you roll <15K. Hope this makes sense.