Is the +13 on ES Z7 over ES U7 about right for tomorrow 15.31 (Premium) (FV) being shown on index arb..
Hank Camp Program Trading Execution Levels Our FairValue for the SP 500 today is $14.50 www.programtrading.com Don
Just trying to see if there is any clues in the Premium difference between ES September (U) & ES December (Z)contracts as we start Z tomorrow.
Up til now, I've never physically rolled anything in my life (except maybe a few joints, which I'll save for some other time), but I'm thinking of rolling the near month ES contract over into December. I would like to hold it until the end of October, so obviously there's no need for me bail out of the trade just yet. I take it that this transition would be done automatically without my intervention. Or is it? What are some of the unknowns that's in store for me come tomorrow? What might be the advantages and disadvantages when it comes to a roll over? BTW, I use Interactive Brokers. TIA
If you're planning to hold position into October, you don't have a choice. The Sep contract will expire and you'll have to continue with the Dec. The "rollover" only refers to the fact that starting tomorrow, the Dec will be the most active contract.
In forex, any position left open at the expiration is automatically rolled over into the next expiry. Hence I was thinking the futures might go through the same spin cycle.
Funny you should ask. Let me translate for you. BUY BUY BUY BUY BUY RIMM AAPL BLAH BLAH ARRGHH BUY BLAHH I AM AN ANNOYING SHITHEAD!!!!!!