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The E-mini S&P 500 futures contract ($ES) is transitioning from the June (ESM2024) front month to the September (ESU2024) contract. The June contract will expire on Friday, June 21st, with the most active trading now in September at 5500. This rollover is due to interest rates and quarterly futures roll. Friday also marks quad witching, bringing increased volatility and volumes in stock index futures and options.
It's contract roll day, folks! If you're using my Advanced $SPX Options Visualizer for @bookmap_pro, be sure to switch over to the September futures contract so that you get up-to-date options flow and positioning data! 😎👍 https://t.co/q8MlQYyCwS
Reminder that it's quad witching on Friday (simultaneous expiration of stock index futures, stock index options, single stock options, and single stock futures). The quarterly futures roll from expiring to next contracts can see increased volatility, volumes and potentially messy… https://t.co/7aYvMTUXzJ
$ES_F contract rollover from June to Sept so now most active is Sept and trading 5500 while June contract is a 65 pts spread lower because of the 3 month carrying cost. All due to interest rates and normal stuff. Now the new spread between ES_F and SPX will be about 65 pts until…