Anyone trade e-mini crude?

Discussion in 'Energy Futures' started by formikatrading, Mar 23, 2007.

  1. Are there some funky things to be aware regarding expiration dates, etc. on these types of contracts? I'm used to the e-mini S&P's, etc. but at least wanted to take a look at these. Any insights are appreciated.
     
  2. Surdo

    Surdo

    They roll over monthly, nothing out of the ordinary, just watch the calendar. These are the rollover dates for the rest of '07!


    http://www.nymex.com/QM_term.aspx


    Delivery Month/Termination of Trading

    April Mar 19
    May Apr 19
    June May 21
    July Jun 19
    August Jul 19
    September Aug 20
    October Sep 19
    November Oct 19
    December Nov 15
     
  3. So the April contract actually expires in March?
     
  4. Good contract; it's cash settled so you don't *have* to roll, and it has a pretty liquid arb with CL 24-hrs, so you can generally leave stops on overnight positions.
     
  5. Surdo

    Surdo

    Correct, May is the front month.
     
  6. So you're currently trading the May contract which expires on April 19. Do you just need to make sure you're not in the contract on April 19 or on which date will you start trading the June contract? Sorry for these basic questions -- I'm new to the futures markets.
     
  7. Surdo

    Surdo

    QM, the mini is "Cash" settled, so if you had a position the day it expires, you would not have to worry about taking delivery of 500bbls of crude!

    June becomes the front month on April 20th, and most active.

    I strongly suggest you trade a tamer futures contract such as YM to get your feet wet, QM can be volatile!
     
  8. Good info -- thanks for all of your help!