tomorrow is rollover day

I have a long position on ES June (M12) that i'd like to keep. Do i have to do anything regarding roll over or does my broker roll it over for me into the new month?

 

You have until a week from tomorrow (next Friday) to liquidate it.
Switch over to the "U" contract. Do it yourself. Point, click. Etc.

 

Yes you will need to do something. You should exit your position before the close today. If you don't, you'll risk not being able to close it through your broker.

Go on the ES September contract today, and see if you can open that same position at the same price where you left off before the close too. The next contract is already active, just not allot of volume.

 

laugh if you want, but it's been a long time tradition on ET for somebody to just give a heads up on roll out day. Thanks high99, I knew Thursday was the day, but I don't always realize today is Thursday. (Still seems like a Monday to me.)

 

Try gold and silver if you really want to get confused. Took awhile for stupid me to figure those out. And copper too.

 

Spread long Jun/Sep ES if your broker offers a spread quote on the front-end.

 

Obviously no index futures traders left here if no one mentioned rollover rover day. Or is everyone sleeping in waiting for Bernappy to wake them up with meaningless platytudes?

 

isn't it a shame? It's been such a wonderful quarter. Oh well, all good things must come to an end.

Thanks for the heads up

 

A fairly clean rollover for NQ. The cumulative volume of the new contract exceeded that of the old shortly after the open. And with normal spreads.

 

that's cool. Actually, I don't trade ES anymore, but back when I followed it tick by tick somehow I could space out rollout day. I'd wake up one Thursday and wonder, "Where'd everybody go?"

Many years ago someone started the tradition of posting a heads up. Traders can be really shitty, but four times a year they can be courteous.

The funny thing is, the courteuos poster who issued the heads up then had to endure twenty posts from losers who tried to make themselves feel like winners posting things like, "If you don't even know when to roll out, close your account and read a book."