Join us this Saturday March 9th at 10amEST at our Free Webinar
We will chat about Defense Stocks and how they may be affected by the Sequester. We will also look at Futures and Q&A for stocks
2013 Update :
Futures rollover is Thursday March 7th , 2013 and Settlement is Friday March 15th, 2013.
June 2013 – Rollover is Thursday, June 13th , 2013 and Settlement date is Friday, June 21st, 2013
Sept 2013 – Rollover is Thursday, September 12th, 2013 and Settlement date is Friday, September 20th, 2013
Sept 2013 – Rollover is Thursday, December 12th, 2013 and Settlement date is Friday, December 20th, 2013
When do you switch contracts for Futures Expirations ? 2012 and 2013
or When do Futures Contracts Rollover?
Seems traders aren’t sure when to switch contracts for Futures since its a bit different from Stock Expirations
A few important things to keep in mind :
Unlike Stocks Expirations, Futures Expirations are 3rd Friday but of each Quarter not month ( so each March , June, September and December is Rollover).
The Rollover ( Switching Contracts) is 8 days before Expiration so previous Thursday of 3rd Friday.
The Contracts and letters are : March=H June=M September=U December=Z
For example today is Friday June 8th and some of us already switched over yesterday Thurs. June 7th from June to September contracts – volume was still mixed Thursday but into next week you’ll see most of volume switching over to the new contracts.
Here is how the Eminis Rolled over ( ESM2 switches to ESU2) , Russell (TFM2 switches to TFU2 ).
Some brokers automatically switch it for you so you don’t have to worry about it.
Another thing when you see ES_F or TF_F it just means the current Emini or Russell Futures contract instead of typing ESM2, ESU2 etc.
What does the number 2 mean in ESM2 ? the 2 means 2012 sometimes could even be typed as ESM12
Emini and Russell Futures Rollover Dates for Remaining of 2012:
June 7th switch from ESM2 to ESU2 and TFM2 to TFU2 ( June to September Rollover)
Sept 13th switch from ESU2 to ESZ2 and TFU2 to TFZ2 ( September to December Rollover)
December 13th switch from ESZU2 to ESH3 and TFZ2 to TFH3 ( December 2012 to March 2013 Rollover )
Futures Contracts for remaining of 2012
ESM2 TFM2 June
ESU2 TFU2 September
ESZ2 TFZ2 December
Futures Contracts for 2013
ESH3 TFH3 March
ESM3 TFM3 June
ESU3 TFU3 September
ESZ3 TFZ3 December
Small test for you to see if you get this:
So what would ESZ3 stand for? ES is Emini, Z is December, 3 is 2013
So ESZ3 woudl be Emini December Contracts for 2013
Don’t worry if you find this a bit confusing but hopefully you get the idea now and you found this helpful
Another blog link other Futures Expirations Dates E-mini Nasdaq (NQ) / E-mini S&P (NQ) / E-mini Dow (NQ)
sometimes you also see them typed as ES_F or TF_F or :
ESM12 TFM12 ESU12 TFU12 ESZ12 TFZ12 ESH13 TFH13 ESM13 TFM13 ESU13 TFU13 ESZ13 TF Z13
Join us this Saturday at 10amEST at our Free Trading Webinar :
We will discuss Futures & Stocks :https://www1.gotomeeting.com/register/868331328