Natural Gas open interest

Discussion in 'Commodity Futures' started by tradexpo, Jun 25, 2020.

  1. tradexpo


    The july natural gas contact is expiring tommorrow
    Why is the open interest drop from 200,000 contracts drop to 10,000 contracts on expiration date

    only 5% of the contracts take delivery and the rest is just speculation

    Also, volume has dried up in lot of contracts. some say 95% drop what is the reason for the drop?
    and afterhourss and inactive. for the natural gas contracts.

    Do the utility use the NG to hedge or take delivery or they trade on another exchange. and the CME is just for speculators for natural gas?

    and same with micro, it has 3791 contracts still and expired today. and the guy ddidn't sell those contracts. and don' take delivery

    Who owns those micro natural gas contracts? if the QG contacts are never for taking delivery?

    Why don't the guys close the QG micro natural gas contracts since it's for trading only and settled by cash?
    Does the brokes automatically settle those contracts if trader dosen't sell them
  2. Overnight


    You answered your own question with your question...

    "The july natural gas contact is expiring tomorrow..."
  3. Google: futures roll-over