What is the expiry date for commodity futures?
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What is the expiry date for commodity futures?
Commodity derivative contracts expire on different dates as per the contract specifications of a given commodity, for e.g. a GOLD futures contract offered at MCX expires on 5th day of the expiry month ( usually a bi-monthly contract) whereas an agri based futures contract expires on the last day of the expiry month ( …
What is expiry date in commodity trading?
Every derivative contract, which is based on an underlying security such as a stock, commodity, or a currency, has an expiry date, though the underlying security usually does not have any expiry date. In case of Indian stock exchanges, the expiry date is the last working Thursday of the month when the contract expires.
What is the duration of the future contracts?
Futures contracts can be traded purely for profit, as long as the trade is closed before expiration. Many futures contracts expire on the third Friday of the month, but contracts do vary so check the contract specifications of any and all contracts before trading them.
What day of the month do gold futures contracts expire?
The floating price for each contract month is equal to the COMEX Gold Futures contract’s settlement price for the corresponding contract month on the third last business day of the month prior to the named contract month. Trading terminates on the third last business day of the month preceding the delivery month.
When can you rollover a futures contract?
For example, participants can roll their futures positions from June to September at any time. However, the trading floor convention is to roll the expiring quarterly futures contract month eight calendar days before the contract expires*. This is known as the roll date.
What are last day futures?
The last trading day is the last day that a derivative contract trades. Typically the last trading day is the day before its actual expiration date. Contract specifications are found on the exchange’s website. Futures contracts not closed out on the last trading day will be subject to delivery and or cash settlement.