Futures contract roll

[MikeT]

Anyone familiar with the process of contract switching? On Tradingview I was charting NQ1! and trading NQM2024... but now I see the price on those varies significantly.. NQ1! corresponds with NQU2024 (as would make sense) but the chart is also very choppy/low liquidity So I'm confused what ticker to actually trade (edited)



https://www.cmegroup.com/markets/equities/sp/e-mini-sandp500.calendar.html

According to this, the switch should've been next week... not sure why it was today already

 

[igor.s]

Today is the first day of the new contract. I usually do a rollover on the following Monday, by that time the volume of a new contract usually higher than the old contract. Stick with the old contract.

 

[MikeT]

Today is the first day of the new contract. I usually do a rollover on the following Monday, by that time the volume of a new contract usually higher than the old contract. Stick with the old contract.

thanks, yea that's what I figured. Should've been charting on the old still as well instead of the continuous.

 

[selen@@@]

Hi,
I am also facing the same problem. i will try another option or given some time.

 

[MrSharky]

If you look at the CME webpage they post volume for the different contracts, You should generally trade the contract with most volume. Also be aware that contract roll week can have very erratic price movement due to the roll and the fact many players have to roll their positions, and this affects price greatly.

 

[selen@@@]

For charting, use NQ1!, but for actual trading, switch to the contract with the highest liquidity, now likely NQU2024. Early rollovers by large traders can cause these shifts to happen before the official CME schedule dates.