Eminis Rollover Days

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Quick Facts about Rollover Day
(http://www.sentiment-traders.com/showthread.php?t=187)

The following applies to many (if not most) futures contracts especially those from the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT).

• Rollover is 8 days before expiration.
• Expiration is the third Friday of each quarter month (March, June, September, December)
• The contract letter associated with each month is: March=H June=M September=U December=Z
• Rollover is on a Thursday.
• Rollover is usually on the second Thursday of the month but will be on the first Thursday if the first day of the month falls on a Friday
• Volume shifts to the new contract at market open (09:30 EST) on Rollover day
• New day trading or swing trading positions opened on rollover day should use the new contract month irrespective of when you plan to close it.
• New swing positions might be better opened using the new contract if opened within a few days of rollover day.
• Market myths abound at rollover and expiration. Check the source and confirm the probabilities before believing anything.

Introduction to rollover days:
http://www.deltat1.com/Education/art...r/rollover.htm