Is it possible to roll a position in futures that have end date?

[B_S857]

Hello!

I have a position on US500 (futures) and I would like to keep it open if possible. However, it says that the contract ends on the 17th of March. What happens to that position beyond that date if not closed by me? Does it roll automatically into the next date or does it close and I have to manually open the next future date?

Thank you !!! 

B

[OfentseIG]

5 hours ago, B_S857 said:

Hello!

I have a position on US500 (futures) and I would like to keep it open if possible. However, it says that the contract ends on the 17th of March. What happens to that position beyond that date if not closed by me? Does it roll automatically into the next date or does it close and I have to manually open the next future date?

Thank you !!! 

B

Hi @B_S857

Thank you for reaching out. 

You can choose to enable automatic rollovers to be opened automatically at expiry. 

How to set up the instructions?
You can set up automatic rollover instructions by logging in to your My IG dashboard
Go to the ‘settings’ tab, select ‘rollovers’ and then follow the instructions
Once rollovers have been set up on your account, you’ll receive a confirmation email
Automatic rollover. 

All the best, OfentseIG