I have purchased 1 lot of DEC Minifty futures on 25 Nov. I could find the open position on 25th as well as 26th (Last day for Nov futures).
And I expected that I would see the ONE lot of Dec Minifty in the net position window on 27 Nov (First day for the new series) morning also. But my net position showed only ZERO throughout the trading hours of 27 Nov.
Just now (Sunday evening), when I checked again, I found my 1 Lot in the net position window. This enables me to close the position tomorrow (Monday) depending on market condition.
My question is: Can I not trade (sell) my position on 27 Nov? If I have gone short on 27 Nov with 1 Lot of minifty, what would have been my net position by 30th (Monday) morning?
My broker is CANMONEY which uses TradeAnyWhere.
Thanks in advance for your responses.
murthymsr
Hi Murthy,
Irrespective of Expiry ,Futures will be reflected in net position
immediately.I do not why this has not happened in your case.
May be some software glitch at broker's end.
So the first part of your question is irrelevant ,because you can
sell them at ant time after you purchase on 25.
If you went SHORT on 27 (you were LONG on 25) ,the net position
on 30th is ZERO.