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Re: sp500 rollover etc



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In a message dated 9/10/99 9:49:34 AM Eastern Daylight Time, jejohn@xxxxxxxxx 
writes:

<< I don't understand you message about waiting for Sept SPoo's to move a 
certain
 amount/direction before rolling over to december.  Could you not simply close
 your Sept position and simultaneously open a December position.  Clearly 
there
 are slippage and commission costs but that will occur whenever you roll.  
What am
 I missing here?  Thanks.
 
 JCDuffy@xxxxxxx wrote: >>
good morning

i got  into a problem of DELIVERY!!!   once ,, a whie ago,,(when i waited too 
long to roll over)  and had to pay  almost  $400  to get out of my mistake
never again would i wait this long
(1-5 buss days at the most)  after  officail roll date
hope this helps
Ben