Jump to content

US Crude Futures


NV1

Recommended Posts

Hello there, 

I would be grateful if someone could explain what happens if I don't close a long position before expiry date? Does it automatically rollover? And are there any charges/rollover fees?

Thank you in advance.

Link to comment
On 13/04/2020 at 12:25, NV1 said:

Hello there, 

I would be grateful if someone could explain what happens if I don't close a long position before expiry date? Does it automatically rollover? And are there any charges/rollover fees?

Thank you in advance.

 

If your rollover instructions are enabled we will automatically roll them to the next contract the day before the expiry date. The charge will be the spread. If you do not have your rollover instructions enabled then the position will close on the expiry date.

You can check your rollover instructions on the MyIG page by selecting Settings> Rollovers. 

All the best 

 

Link to comment
59 minutes ago, Guest Warrior said:

Where I can find US Oil May month expiry date in GI trading. Thanks in advance.

 

On 14/04/2020 at 22:36, Ryan1986 said:

Hi Charlotte,

If the contract expires on 21/4 with a settlement price of 20.82, what will be the opening price of the rollover contract? Will it be 20.82 or the market price on 21/4?

thanks,

Ryan

Hi, see the info dropdown on the chart. pic below.

Before expiry the May contract is closed and on rollover a new June contract is opened (as per the June chart's bid or ask price)

image.png.a7f5226c459fb0437fc71743461e6232.png

Link to comment
  • 4 weeks later...
Guest Sammy
On 15/04/2020 at 00:21, CharlotteIG said:

 

If your rollover instructions are enabled we will automatically roll them to the next contract the day before the expiry date. The charge will be the spread. If you do not have your rollover instructions enabled then the position will close on the expiry date.

You can check your rollover instructions on the MyIG page by selecting Settings> Rollovers. 

All the best 

 

Simple questions, but humor me...

I assume the position would also be closed if you were short?

Just confirming, if you held a short position and the contract expired in the negative, you would not make a loss?

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
  • image.png

  • Posts

    • Hi    when I try to buy the tickers SDIV and KBWD the platform does not allow me. This is strange as I have a broker account in France where I can easily buy these products. the MIFID retail legislation is related to CFD and margin, hence the reason must be different, can anybody help me?   Thanks
    • BOOM UP is the ultimate Game-Fi experience on Telegram, offering gamers a chance to earn real profits while immersing themselves in thrilling gameplay, unique art, and social interactions. Say goodbye to time-consuming games and hello to a world where fun meets profitability! By blending traditional gaming with the power of blockchain, BOOM UP is revolutionizing the industry and bridging the gap between Web2 and Web3. Get ready to dive into the future of gaming and experience a whole new level of excitement and rewards! Exciting news – BOOM UP is about to launch on Bitget, taking the crypto world by storm. Don't miss out on the chance to be a part of this groundbreaking project that's set to redefine the gaming and finance landscape. Get ready to level up with BOOM UP on on this exchange and unlock endless possibilities in the world of Game-Fi and NFTs!
    • As crypto adoption explodes in the EU, Bitget is fueling the flames with Builders Meetups – engaging events designed for both crypto veterans and newbies. Imagine learning from the Bitget EU COO Apprentice and crypto bigwigs, then building your network with fellow enthusiasts (potential friends or collaborators!). Plus, expert talks will boost your crypto IQ and there might even be free swag! Bitget goes beyond exchange, fostering the community through educational resources on Bitget Academy and a user-friendly platform that welcomes newcomers to the exciting world of crypto. The "Meet Bitget: Your Gateway to Crypto Trading" event in Bucharest, Romania on July 18th is your chance to dive in – registration is free! Don't miss out and spread the word.
×
×
  • Create New...
us