IB Future roll over question
#1
Posted 13 June 2007 - 12:40 PM
#2
Posted 13 June 2007 - 12:43 PM
#3
Posted 13 June 2007 - 12:48 PM
It won't effect anything...but it's not automatic...if you are trading June...you better switch before Friday ...close that position and open it on Sept contract. ES U7 is Sept.
What's wrong with doing it on Friday?
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
Posted 13 June 2007 - 12:50 PM
#5
Posted 13 June 2007 - 12:53 PM
Russ,
The volume on June is pathetic. It's about 10% of September's volume. Unless, you want bad fills, you would be better switching to Sep ASAP (if you still haven't)
Well I do have 5 es and 1 biggie, I think its going to rally up a bit more so am waiting.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#6
Posted 13 June 2007 - 01:20 PM
I talked with IB about this recently, they said you must sell your existing contract and buy the other one. There is no such thing as automatic roll over is what they said. I think if you leave the contract until expiration then any money it has made or lost is added or subtracted to your account. That sound about right fellas?
It won't effect anything...but it's not automatic...if you are trading June...you better switch before Friday ...close that position and open it on Sept contract. ES U7 is Sept.
What's wrong with doing it on Friday?
What's wrong with Friday for the June S&P contract is that the contract is last traded on Thursday 6/14 at 3:15 pm Central time.
Lee Scharpen
#7
Posted 13 June 2007 - 01:26 PM
I talked with IB about this recently, they said you must sell your existing contract and buy the other one. There is no such thing as automatic roll over is what they said. I think if you leave the contract until expiration then any money it has made or lost is added or subtracted to your account. That sound about right fellas?
It won't effect anything...but it's not automatic...if you are trading June...you better switch before Friday ...close that position and open it on Sept contract. ES U7 is Sept.
What's wrong with doing it on Friday?
What's wrong with Friday for the June S&P contract is that the contract is last traded on Thursday 6/14 at 3:15 pm Central time.
Lee Scharpen
You should try a Combo order: Buy Sept, Sell June. Although this is a typical spread order, it will leave you net long Sept. That way, all trades are made contemporaneously.
#8
Posted 13 June 2007 - 01:44 PM
You should try a Combo order: Buy Sept, Sell June. Although this is a typical spread order, it will leave you net long Sept. That way, all trades are made contemporaneously
You mean go short June?
What's wrong with Friday for the June S&P contract is that the contract is last traded on Thursday 6/14 at 3:15 pm Central time.
Lee Scharpen
If you hold it until expiration whatever profit or loss is either credited or debited to your account at the close on Friday though right? I've never actually held anything until expiration.
Russ
Edited by Russ, 13 June 2007 - 01:45 PM.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#9
Posted 13 June 2007 - 02:10 PM
You should try a Combo order: Buy Sept, Sell June. Although this is a typical spread order, it will leave you net long Sept. That way, all trades are made contemporaneously
You mean go short June?
What's wrong with Friday for the June S&P contract is that the contract is last traded on Thursday 6/14 at 3:15 pm Central time.
Lee Scharpen
If you hold it until expiration whatever profit or loss is either credited or debited to your account at the close on Friday though right? I've never actually held anything until expiration.
Russ
For a cash settled contract like the S&P, that's right.
#10
Posted 13 June 2007 - 02:24 PM
You should try a Combo order: Buy Sept, Sell June. Although this is a typical spread order, it will leave you net long Sept. That way, all trades are made contemporaneously
You mean go short June?
What's wrong with Friday for the June S&P contract is that the contract is last traded on Thursday 6/14 at 3:15 pm Central time.
Lee Scharpen
If you hold it until expiration whatever profit or loss is either credited or debited to your account at the close on Friday though right? I've never actually held anything until expiration.
Russ
For a cash settled contract like the S&P, that's right.
Thanks Nav. I don't understand the hedge strategy mentioned above, why would you want to (sell) short? June when it is about to expire?
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/