Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I am starting to get interested in trading seasonal spreads and I have seen in some software that the purchase dates of a spread are close to the expirations
I have tried from interactive brokers to buy a spread and I see that it does not allow me to do so due to Futures Close-Out Policy
My purchase date is later than what is allowed
Does anyone know what alternative I have to solve this problem?
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207
That's very surprising. In my limited experience the spread recommendation services tend to be months before expiry. Can you give an example?
Retail focused brokers will often force you out of prompt physical (as opposed to financially settled) contracts quite early. Professional/Institutional focused brokers not at all. Much of this is probably a function of whether the broker has the ability to go to delivery or not.
With Advantage several days before expiry or 1st delivery I will start getting automated messages notifying me of the pending expiry/delivery risk. If I still have a position on the day of expiration/day before 1st delivery date risk will email me to ask my plans.
