Understanding Roll Dates in Futures Buying and selling | NinjaTrader Weblog


Futures contracts are solely energetic for a particular period of time earlier than they expire. Every market has its personal particular expiration sequence all year long and infrequently extending into the following 12 months. Previous to a contract expiring, futures merchants should both:

  1. Exit their energetic place or
  2. “Roll” their place to a later contract of the identical underlying asset, extending the expiration interval

Futures Expiration Dates

Each futures contract is recognized by a product image together with an expiration month and 12 months. Some futures contracts expire on a month-to-month foundation whereas others expire each few months. The “entrance month” contract is nearest to expiration date & often the contract actively being traded.

For instance, the Micro E-mini S&P 500 contract for September 2020 is listed as MES 09-20. As soon as the MES 09-20 contract expires, merchants that select to hold their open positions will roll to the following accessible contract, MES 12-20.

  • Tip: Expiration dates for E-mini & Micro E-mini fairness index contracts fall on the third Friday of each third month (March, June, September & December).

Rolling Over Futures Contracts

Along with avoiding expiration, futures merchants may additionally select to roll over their contracts to comply with quantity and guarantee there’s sufficient market liquidity. The best quantity entrance months are usually these closest to expiration.

See the right way to roll over futures contracts in NinjaTrader on this 1-minute video:

Standard futures contracts together with fairness index futures and generally traded commodities have preconfigured expiration dates in NinjaTrader.

Money Settled vs Bodily Delivered

All futures contracts are both money settled or bodily delivered. When money settled futures contracts (ex. E-mini index futures) expire, a easy debit or credit score is issued. Alternatively, bodily delivered contracts (ex. gold, oil or soybeans) require a dealer to both produce or take supply of the underlying commodity upon expiration.

Whereas bodily supply of a commodity is technically potential, merchants primarily keep away from futures supply by closing or rolling over their positions.

NinjaTrader’s Commerce Desk Calendar

Bookmark NinjaTrader’s Trade Desk Calendar and present on futures roll dates and contract expirations, in addition to different essential dates together with employment stories & FOMC conferences multi function place!

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