US Crude Futures

[NV1]

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.

[CharlotteIG]

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 

 

[Ryan1986]

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

[Guest Warrior]

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

[Caseynotes]

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)

[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?