Jump to content

Rollover question. Yes another one


miiky

Recommended Posts

Hi all, I understand the principle and practice of auto rollover from one expiring contract to another. But...

At the time of rollover of brent oil Sept to Oct at 21:18 on the 27th July 22 the prices used were as follows. These are the actual closed/ open prices used by IG on my spread bet account 

Sept  10665

Oct  10165

But at that 21:18 point Oct futures was showing a price of around 10245. 

So instantly I'm down. Ignoring the spreads.

I was told you don't loose out due to a rollover Ignoring spread but how can that be based on the above were did 10165 oct opening come from when showing 10245 at that exact time. 

Anyone please :/

M

 

Link to comment

Hi @miiky

We rollover positions based on the official settlement levels. 

The official settlement for the SEP contract was $106.62. OCT was $101.62. The difference being accounted for in spread. The positions were rolled over after the underlying had already settled, so the market had already moved by the time the rollovers were done. Regardless you are closed at official levels on both ends. Please see the rollover section from the platform attached:

image.png 

All the best, 

Anda

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,599
    • Total Posts
      91,797
    • Total Members
      41,859
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Yabbie
    Joined 20/03/23 23:48
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 21 March 23,   Ethereum/U.S.dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis  Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (I) of Motive Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 2943.53 Wave Cancel invalid level: 1073.42 Ethereum/U.S.dollar(ETHUSD)Trading Strategy: Ethereum resumes its upward trend in wave III with a chance to reach the 161.8 level of wave I at 2943.53. Also, the price has risen above the MA200 line, giving the view to a continued upward trend in wave III. Ethereum/U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish. TradingLounge Analyst: Kittiampon Somboonsod, CEWA     Elliott Wave Analysis TradingLounge 4H Chart, 21 March 23,   Ethereum/U.S.dollar(ETHUSD) Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: wave ((3)) of Motive Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 2290 Wave Cancel invalid level: 1369 Ethereum/U.S.dollar(ETHUSD)Trading Strategy: Ethereum resumes its upward trend in wave (3) with a chance to reach the 161.8 level of wave (1) at 2290. Also, the price has risen above the MA200 line, giving the view to a continued upward trend in wave (3). Ethereum/U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish.
    • Content Bitcoin BTC/USD Summary 28,000, 30,000 and 33,000 are the resistance levels that fit in the Elliott Wave count. The current move up is in line with the bear market rally Elliott wave count I have for the NASDAQ that is also looking for a top around the 13,000. I suggest trading to these levels and exit and wait for the next set up either long or short. Elliott Wave I don't know if we are in a bullish market or a bear market rally Strategy: Trade to 30,000 and exit long trade Analyst Peter Mathers TradingLounge™   
    • Stock Market Daily Report: SP500, AAPL, TSLA, AMZN, NVDA, MSFT, META, NFLX, GOOGL, BAC Stock Market Content: SP500, Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL and Bank of America BAC. Stock Market Summary: Day Traders stay long and Positions traders - we will be looking for the short trade set ups later in the week once I can confirm the top Elliott Wave Analysis: Waves fours and fives to top around Wed when the FOMC  Feds Funds Rate Trading Strategies: Day traders can continue to  trade higher Video Chapters 00:00 SP500 / NASDAQ 100 10:19 Apple (AAPL) 15:17 Amazon (AMZN) 19:23 NVIDIA (NVDA) 25:29 Meta Platforms (META) 30:46 Netflix (NFLX)  31:48 Enphase (ENPH) 36:30 Alphabet (GOOGL)  38:01 Microsoft (MSFT) 39:03 Berkshire Hathaway (BRK.B) 42:12 Tesla (TSLA) 44:18 Block Inc. (SQ)  46:48 Bank of America BAC 52:16 Thanks for supporting Analyst Peter Mathers TradingLounge™     
×
×
  • Create New...