Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Rollover Notice for Stock Index Futures
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, March 12th, at 8:30 am CDT ¬†Time is rollover day.
Starting March 12th, the June 2015 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the June 2015 contract as of March 12th. Volume in the March 2015 contracts will begin to drop off until its expiration on Friday March 13th.
The month code for June is M5.
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.
Please close any open March Currency positions by the close on Friday the 13th.
Should you have any further question please contact your broker.
IMPORTANT PLEASE NOTE:
- Trading commodity futures and options involves substantial risk of loss.
- The recommendations¬†contained in this letter is of opinion only and does not guarantee any profits.
- These are risky markets and only risk capital should be used.
- Past performance¬†is not necessarily indicative of future results.