Quadruple Witching + Futures Trading Levels for Dec 15th
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Stock Index December contracts (i.e., E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.) expire Friday, December 15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any December futures contracts through 8:30 A.M., Central Time on Friday, Dec. 15th, they will be offset with the cash settlement price, as set by the exchange.
FRONT MONTH IS NOW MARCH , the symbol is H24, example for mini SP is ESH24
Monday, December 18th is Last Trading Day for December currency futures. It is of the utmost importance for currency traders to exit all December futures contracts by Friday, December 15th and to start trading the March futures. Currency futures are DELIVERABLE contracts.
The month code for March is ‘H.’ Please consider carefully how you place orders when changing over.
US$ Daily Chart below:
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.