EXPIRATION OF CONTRACTS
Expiration
Clients involved in energy trading are subjected to a monthly expiration. If a client is on the hold of an open position during “Jalatama Expiration”, it will be closed at our bid/ask price at
US Crude Oil – 05:00 GMT
The impact of this is client will be experience any floating profit or loss during the time it is closed.
Example
- Client buy 5 contracts at 80.00
- A day before the contract expiration, the expiring month is trading at 83.00
- The day of expiration, client’s position is closed at 83.00 and the profit will be automatically credited to the client’s trading account.
- If there’s any pending orders from the expiring contract, then the order will be cancelled
- If the client wish to resume the pending orders, then clients have to re-establish new position and re-enter the pending orders.
US Crude Oil (NYMEX) Expiration Table 2019
CONTRACT MONTH | EXCHANGE EXPIRATION | JALATAMA EXPIRATION |
---|---|---|
Sep 18 | 21 Aug | 20 Aug |
Oct 18 | 20 Sep | 19 Sep |
Nov 18 | 22 Oct | 19 Oct |
Dec 18 | 19 Nov | 15 Nov |
Jan 19 | 19 Dec | 18 Dec |
Feb 19 | 22 Jan | 18 Jan |
Mar 19 | 20 Feb | 19 Feb |
Apr 19 | 21 Mar | 19 Mar |
May 19 | 22 Apr | 19 Apr |
Jun 19 | 21 May | 17 May |
Jul 19 | 20 Jun | 19 Jun |
Aug 19 | 22 Jul | 19 Jul |
Sep 19 | 20 Aug | 19 Aug |