What is the difference between the September and the December contract? I am long the September contract currently. But it seems it has shorter trading hours than the December contract. It is currently 11:00cst and the September contract is not trading although the December contract is. I assume the September contract will catch up to the December contract. Is this correct? Can I short the December contract as a hedge against my long September position? Thanks.
ROFL YOU ARE LONG DAX FUTURES, PERHAPS THE MOST VOLATILE CONTRACT IN THE WORLD AND YOU DON'T KNOW THE EXPIRATION SCHEDULE NOR THE TRADING HOURS !?
And, I made $49,000.00 in the trade! ROFL! If you don't believe me, I can furnish a screen shot, but you will have to tell me how I can do this. I admit this is one of the dumbest mistakes I have made over the last 8 years. Usually I can get by without knowing the exact rollover date because the soon-to-expire contract usually dries up in volume and the spread widens out. For some reason, the September DAX contract was liquid and tight up to the very end. This mistake cost me $16,000.00, which is what I left on the table. Oh well, live and learn. Mark, can you read the PM I just sent you? Thanks.
The trade was long the DAX contract. I was long 80 contracts from near the open. I sold 30 contracts at around 5:00am (cst). My intention was to sell the remaining during U.S. trading hours. Now I am still long 50 contracts and I obviously can't get out of them. I assume the trade is settled in cash in my account without me having to do anything. Anyone know how long this takes?