New Brunswick, NJ
Experience: Intermediate
Platform: N/A
Trading: N/A
Posts: 133 since Jun 2009
Thanks Given: 46
Thanks Received: 157
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Last trading day is 3 business days before the 25th of the month prior to the contract month. However, if the 25th is a non trading day, i.e. a weekend, last trading day is 3 business days before the first trading preceding the 25th.
So looking at the February contract as an example, the 25th of January is on a Monday. Three business days before that is Wednesday, January 20th and will be the last trading day.
I haven't been trading CL for long, but from what I can tell is that this is also when it roll-over. It doesn't appear to have an official roll-over day like the e-mini's. What I am doing is to monitor the volume in both the current and next contract during the week of the 20th and when they are close to each other I switch over. At the latest, switch over the morning of the last trading day.
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