ESU6 expiration

Discussion in 'Index Futures' started by swtrader, Sep 15, 2006.

  1. this expires today

    does it expire at the open?

    i held one stray position contract
     
  2. Surdo

    Surdo

    I was wondering why Times and Sales stopped at 9:30 AM ET!
     
  3. so how do you get out of it

    hit the frozen bid or ask?
     
  4. Pabst

    Pabst


    You will be cash settled at the SPX open.
     
  5. so basicly do nothing, and interactivebrokers will settle it?
     
  6. nkhoi

    nkhoi Moderator

    how much will he get?
     
  7. Pabst

    Pabst


    I don't trade through IB but they should.
     
  8. Pabst

    Pabst

    He'll receive 50x the SET value of SPX. That amount will of course be subtracted from the notional value of his ESU6 position. The differential will be his profit/(loss).
     
  9. presumably it comes out the same as though I had liquidated at the final tick the pinned it to?
     
  10. Pabst

    Pabst

    Doubtful........
     
    #10     Sep 15, 2006