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Urgent: need help on ES June
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Urgent: need help on ES June

  #1 (permalink)
Elite Member
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Urgent: need help on ES June

Hi guys,
I have few long ES June contracts; I just realize that it stops trading now.
My questions:

1. when and how will it be settled? settlement price?
2. The hedge is to short the equal number of Sep ES?

thanks!

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  #2 (permalink)
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  #3 (permalink)
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  #4 (permalink)
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ES is a "cash settled" contract so don't worry; You will not have to come up with millions of dollars today! Contact your broker ASAP as they all have different procedures. Do not rush to offset!

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  #5 (permalink)
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jz166 View Post
Hi guys,
I have few long ES June contracts; I just realize that it stops trading now.
My questions:

1. when and how will it be settled? settlement price?
2. The hedge is to short the equal number of Sep ES?

thanks!

Your ESM contracts will financially settle against the opening print of each stock in the S&P 500 today. However, know that the margin for those contracts will remain tied up for a week or so. If you had "hedged" the ESM with ESU you would now have a naked ESU position.

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  #6 (permalink)
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jz166 View Post
Hi guys,
I have few long ES June contracts; I just realize that it stops trading now.
My questions:

1. when and how will it be settled? settlement price?
2. The hedge is to short the equal number of Sep ES?

thanks!

Sorry to hear you are in this pickle.

I have been wondering upon this subject myself and was just comparing the end minute bars of the last 3 ES's (12-4, 3-15, 6-15) with the S&P 500 index price. If you would be so kind, please let us know what happens. I am especially interested in how they calculated the exit. I know the 06-15 stopped trading on the stroke of 8:30 CT.

Blessings & Good Trades
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  #7 (permalink)
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BHtrade View Post
Your ESM contracts will financially settle against the opening print of each stock in the S&P 500 today. However, know that the margin for those contracts will remain tied up for a week or so. If you had "hedged" the ESM with ESU you would now have a naked ESU position.

thanks!

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  #8 (permalink)
Elite Member
NY, USA
 
Futures Experience: Intermediate
Platform: NT/IB TWS
Broker/Data: IB
Favorite Futures: ES
 
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GregLGTP View Post
Sorry to hear you are in this pickle.

I have been wondering upon this subject myself and was just comparing the end minute bars of the last 3 ES's (12-4, 3-15, 6-15) with the S&P 500 index price. If you would be so kind, please let us know what happens. I am especially interested in how they calculated the exit. I know the 06-15 stopped trading on the stroke of 8:30 CT.

It's settled at 2117.xx
In IB, enter SET to get the daily settled price.

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