What happens to expired futures?

Discussion in 'Index Futures' started by smutrader, May 11, 2009.

  1. smutrader


    ok feel free to quip at this abundantly but...

    If I buy lets say.. ES with an expiration date of June 19 and I hold overnight until that date and I continue to hold, what happens to my ES contract following expiration??

  2. You get "cashed out" at the expiration settlement price.