Hi guys
I have a newbie futures contract related question. I have a position with #CLU2 at 87.90. From my understanding #CLU2 expires end of this month and I need to close my position before that. If I want to "rollover" to #CLV2 does that mean I won't be able to get it at the same price of 87.90? and need to rebuy #CLV2 at a higher price? (if the price is higher that is)
when I search the internet about "rollover" I'm not sure if the contracts automatically rollover or the whole "rollover" means closing expiring contract and then rebuying new contract at whatever future price.
If someone could explain this or point me to the right direction would be great!
thanks
I have a newbie futures contract related question. I have a position with #CLU2 at 87.90. From my understanding #CLU2 expires end of this month and I need to close my position before that. If I want to "rollover" to #CLV2 does that mean I won't be able to get it at the same price of 87.90? and need to rebuy #CLV2 at a higher price? (if the price is higher that is)
when I search the internet about "rollover" I'm not sure if the contracts automatically rollover or the whole "rollover" means closing expiring contract and then rebuying new contract at whatever future price.
If someone could explain this or point me to the right direction would be great!
thanks