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Futures expiration - what happens?


RickG

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I've searched for information on this topic, but have been unable to find anything that helps (although, I'm sure the information is out there).

In my spread betting account I am long S&P 500 futures. These futures are labelled US500 SEP-21, so I'm assuming these will expire this Friday 17/09/21, as per 'regular' S&P 500 futures contracts (SP, ES, MES, etc).

What happens if I continue to hold my spread betting long positions through expiration? Will the positions be automatically closed? Or will they be automatically rolled over to the December futures contract?

 

 

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10 minutes ago, RickG said:

I've searched for information on this topic, but have been unable to find anything that helps (although, I'm sure the information is out there).

In my spread betting account I am long S&P 500 futures. These futures are labelled US500 SEP-21, so I'm assuming these will expire this Friday 17/09/21, as per 'regular' S&P 500 futures contracts (SP, ES, MES, etc).

What happens if I continue to hold my spread betting long positions through expiration? Will the positions be automatically closed? Or will they be automatically rolled over to the December futures contract?

 

 

Hi, you need to look at the info ( i ) dropdown tag on the deal ticket for expiratory dates and times when the position is closed and any profit or loss realised. A new same position will automatically reset if you have clicked the auto rollover tab in your Settings page in your My IG. There used to be a discount for having the auto ticked but don't think there is anymore.

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Thanks Casey, that is a tremendous help.

I found this on the settings page you talked about:

"Automatic rollovers are enabled by default on open positions on futures contracts."

So I'm all set for the gains to keep rolling 😁

Thanks again!

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