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In a message dated 98-06-23 15:29:31 EDT, dconn@xxxxxxxxx writes:
<<
I only want to suggest that if I were in a futures contract that expired in
three days, I'd be extremely nervous! Maybe I'm paranoid, but I wouldn't
care to get closer than seven days (tops). If I'm wrong to think this way,
I'd appreciate being corrected by someone. It just seems too close to
having to actually deliver the goods - or take delivery, as the case may
be. >>
Some contracts are cash settled. Usually I'm out long before FND. Remember
$7.50 wheat? Someone stayed in too long.
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Date: Tue, 23 Jun 1998 15:20:57 -0400
Reply-To: dconn@xxxxxxxxx
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From: "Dennis Conn" <dconn@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Rollover
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"RealTraders Discussion Group" <realtraders@xxxxxxxxxxxxxx>
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Hi Trevor,
I only want to suggest that if I were in a futures contract that expired in
three days, I'd be extremely nervous! Maybe I'm paranoid, but I wouldn't
care to get closer than seven days (tops). If I'm wrong to think this way,
I'd appreciate being corrected by someone. It just seems too close to
having to actually deliver the goods - or take delivery, as the case may
be.
Dennis C.
dconn@xxxxxxxxx
----------
> From: De Vries, Trevor <Trevor.DeVries@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Rollover
> Date: Tuesday, June 23, 1998 9:22 AM
>
> R'Ters
>
> Can someone please explain to me how you 'rollover' your futures
contract:
>
> ie. I am long Sugar which for example expires in 3 days.
> Do i have to close this out and then buy the next months contract,
thereby
> incurring the additional commisions ? or is there another way.
>
> Regards
>
> Trevor De Vries
>
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