Rollover Notice + Futures Trading Levels for 6.10.2022
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Large sell off today in stock index futures.
Tomorrow we have CPI which is a market moving event.
Also read below regarding rollover notice.
Rollover Notice for U.S. Stock Index and Currency Futures
Heads up traders! We’re approaching important dates on the trading calendar.
I personally start trading SEPTEMBER this Monday when the volume on September is higher than the June.
Volume in the June contracts will begin to drop off until their expiration next Friday, June 17th (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 June futures contracts through 8:30 A.M., Central Time on Friday, June 17th, they will be offset with the cash settlement price, as set by the exchange.
Monday, June 13th is Last Trading Day for June currency futures. It is of the utmost importance for currency traders to exit all June futures contracts by Friday, June 10 and to start trading the September futures. Currency futures are DELIVERABLE contracts. By holding any June futures contracts through the close of Last Trading Day, you will be subject to delivering (short positions) or taking delivery of (long positions) the full notional value of the futures contract. So, unless you’re sitting on 12,500,000 Japanese Yen to give to the exchange, exit that short position.
The month code for September is ‘U.’ Please consider carefully how you place orders when changing over.
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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Posted in: Future Trading News | Index Futures