crude oil futures rollover date - Commodities Futures Trading | futures io social day trading
futures io futures trading


crude oil futures rollover date
Updated: Views / Replies:6,558 / 12
Created: by gparkis Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 3  
 
Thread Tools Search this Thread
 

crude oil futures rollover date

  #1 (permalink)
Elite Member
New York City, NY/USA
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: 6E, ZN, CL
 
Posts: 121 since Dec 2010
Thanks: 3 given, 74 received

crude oil futures rollover date

when the current crude oil futures (july contract) rolls over next week, which will be the next heavy volume month?
september?

and i assume is "safe" to trade july crude until this friday since rollover is next week???

thanks

 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Bay Area California
 
Futures Experience: None
Platform: TT T4
Favorite Futures: Futures
 
Posts: 719 since Nov 2011
Thanks: 635 given, 740 received


The next contract month is august which would be contract code Q

"If I agreed with you, we'd both be wrong."
 
  #4 (permalink)
Elite Member
New York City, NY/USA
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: 6E, ZN, CL
 
Posts: 121 since Dec 2010
Thanks: 3 given, 74 received

i got that august is the next contract month but will the majority of the volume move to the September contract?

 
  #5 (permalink)
Elite Member
Bay Area California
 
Futures Experience: None
Platform: TT T4
Favorite Futures: Futures
 
Posts: 719 since Nov 2011
Thanks: 635 given, 740 received


gparkis View Post
i got that august is the next contract month but will the majority of the volume move to the September contract?

No

"If I agreed with you, we'd both be wrong."
 
  #6 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

Crude traders have the privilege of dealing with rollover every single month. This month, the listed rollover date is June 18th, and the Last Trade Date is June 20th.

Some traders watch the volume in the currently traded month versus the next up, in this case July and August, and the moment they see it shift, they go with it. That means some might stay with July on the 18th, and in some cases maybe even the 19th.

But, you DO NOT want to be trading the July contract on the 20th. You can get yourself into trouble with your broker at a minimum, and/or financially (it is a contract you are buying and selling, and the cost is way more than you want to pay for it ) by trading it into the last trade date.

So to be SAFE, just go with the rollover date.

Attached Thumbnails
crude oil futures rollover date-june-calendar.pdf  

Last edited by GaryD; June 10th, 2013 at 10:34 PM. Reason: I spelled privilege wrong. Saw it below
The following 2 users say Thank You to GaryD for this post:
 
  #7 (permalink)
Elite Member
wa/ usa
 
Futures Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Favorite Futures: CL ES 6C 6E
 
Posts: 254 since Oct 2012
Thanks: 197 given, 438 received


GaryD View Post
Crude traders have the privelege of dealing with rollover every single month.

You mean headache.


Str8 from CME's website


"Trading in the current delivery month shall cease on the third business day prior to the twenty-fifth calendar day of the month preceding the delivery month. If the twenty-fifth calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the twenty-fifth calendar day. In the event that the official Exchange holiday schedule changes subsequent to the listing of a Crude Oil futures, the originally listed expiration date shall remain in effect. In the event that the originally listed expiration day is declared a holiday, expiration will move to the business day immediately prior."

So you can safely trade it until the 19th -I would start looking to switch over on 17th, just to keep it clean and safe.

The following user says Thank You to garyboy275 for this post:
 
  #8 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,231 received

@GaryD, please do not use PDF files for screenshots. Use PNG or JPG.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following user says Thank You to Big Mike for this post:
 
  #9 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


Big Mike View Post
@GaryD, please do not use PDF files for screenshots. Use PNG or JPG.

Mike

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



The following 2 users say Thank You to GaryD for this post:
 
  #10 (permalink)
Elite Member
Hawaii
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: IB
Favorite Futures: Euro, GC, CL
 
Posts: 16 since Jan 2010
Thanks: 27 given, 20 received



gparkis View Post
i got that august is the next contract month but will the majority of the volume move to the September contract?

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Closed Thread



futures io > > > > crude oil futures rollover date

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading CL (Crude Oil futures) #2 Big Mike Commodities Futures Trading 95 March 18th, 2015 08:13 PM
Crude Oil (CL) futures inverse pairing options Big Mike Commodities Futures Trading 8 December 12th, 2013 12:00 PM
Historical Futures Roll Date buylosellhi Commodities Futures Trading 2 December 19th, 2012 10:33 PM
A Corporate Slave's Quest for Freedom: Trading Crude Oil Futures with Price Action Futures Operator Trading Journals 8 April 11th, 2012 09:13 PM
Trading CL (Crude Oil Futures) tzachi Traders Hideout 145 September 4th, 2009 11:57 PM


All times are GMT -4. The time now is 06:07 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.14 seconds with 38 queries on phoenix via your IP 54.160.245.121