Tradestation Rollover

Discussion in 'Trading' started by BlueFightingCat, Jan 3, 2024.

  1. Does anybody know how Tradestation handle open positions that need to be rolledover? If I have an open futures position and I forget to rollover in time, how does tradestation handle that?
     
  2. SunTrader

    SunTrader

    Never had it happen.

    What trading instrument?

    Have you called the desk?
     
  3. It's just a theoretical question at this point. I remember when I used to use Interactive Brokers they would not all delivery and would close out a position before it would expire. I wonder whether Tradestation would do the same thing.
     
  4. destriero

    destriero


    Long or short? Cash or physical? Yeah, they are not going to let you take delivery… they will close it out if you’re not a commercial.
     
  5. Long and physical. e.g. Soybeans.
     
  6. SunTrader

    SunTrader

    In your OP you said you had a open position you forgot to rollover.

    Anyway des replied before I was got back.
     
  7. Sorry about that. I managed to sort it out after I posted. The contract was still trading. However the question is still valid. What happens if you still hold a position and the first notice/last trading day comes up.
     
  8. maxinger

    maxinger


    If you long say 10 crude palm oil contracts (or soya bean or crude oil or whatever).


    Then after expiration, you have to take delivery of 10 or 100 or whatever tons of crude palm oil.

    Of course, you have to pay for it.
    And you have to arrange for trucks/ships to collect the CPO at the designated collection point.
    And you have to figure out how to consume hundreds of tons of crude palm oil.

    Happy drinking tons of crude palm oil for the rest of your life
    (or eating soya bean for the rest of your life).

    So you'd better trade physical commodities seriously.

    There are traders who actually take physical delivery just for experience/fun.


    The broker cannot roll over your contract as the broker could be sued for making
    unauthorized transaction as some traders are expecting physical delivery
    And profit from it massively



    But if there is a contractual agreement between you and the broker,
    then it must be followed.
     
    Last edited: Jan 3, 2024
  9. SunTrader

    SunTrader

    Here is the latest standard monthly expiration notice I got from the trading desk Dec 22nd, '23 in TradeStation Message Center bottom right hand corner by Windows time clock:

    + + +

    First Notice / Last Trade Day for the following contracts is Friday December 29, 2023 . These contracts are physically deliverable.



    First Notice:



    JANUARY ‘24 COMEX GOLD

    JANUARY ‘24 NYMEX PALLADIUM

    JANUARY ‘24 NYMEX PLATINUM

    JANUARY ‘24 COMEX SILVER

    JANUARY ‘24 COMEX E-MICRO SILVER

    JANUARY ‘24 COMEX COPPER

    JANUARY ‘24 CBOT SOYBEANS

    JANUARY ‘24 CBOT MINI SOYBEANS

    JANUARY ‘24 CBOT SOYBEAN OIL

    JANUARY ‘24 CBOT SOYBEAN MEAL

    JANUARY ‘24 CBOT ROUGH RICE



    Last Trade Day:



    JANUARY ‘24 NYMEX RBOB GASOLINE

    JANUARY ‘24 NYMEX HEATING OIL



    Please be sure to roll or offset positions by the close of business Wednesday December 27, 2023.
    Failure to roll or offset may result in the position being liquidated by the Trade Desk and the account being restricted.



    If you have any questions, please contact the TradeStation Futures Trade Desk at 800-837-8951 or 954-652-7930