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(GCM/Q) Rollover and Front Month Volume- What am I missing?


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(GCM/Q) Rollover and Front Month Volume- What am I missing?

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Brookwood's Avatar
 Brookwood 
Brooklyn, NY
 
Experience: Intermediate
Platform: Sierra
Trading: GC, CL, Indexes
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Hi all-
I'm confused about Front Months and Rollovers in Sierra Chart.
The GCM23 contract that I thought would be trading through most, or at least part of June, just died before first notice on 5/26.
When I compare the GCQ23 contract, the volume per day is almost identical for both contracts going back a few months. They are both set to not rollover so I don't think I'm seeing a continuous contract but there is something weird going on.
Can anyone shed some light on this mystery?
Thanks in advance--

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 tr8er 
Europe
Legendary Market Wizard
 
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Brookwood View Post
Hi all-
I'm confused about Front Months and Rollovers in Sierra Chart.
The GCM23 contract that I thought would be trading through most, or at least part of June, just died before first notice on 5/26.
When I compare the GCQ23 contract, the volume per day is almost identical for both contracts going back a few months. They are both set to not rollover so I don't think I'm seeing a continuous contract but there is something weird going on.
Can anyone shed some light on this mystery?
Thanks in advance--

The June Gold-Contracts rolls the last May-week to August, so the current front month is crystal clear the Aug-contract GCQ3. Gold rollover is every 2 month, but for whatever reason nobody trades the Oct contract (except some instituations), so the next rollover will be the last week of July to the Dec-contract.

If you need more information go to the CME homepage https://www.cmegroup.com/markets/metals/precious/gold.html

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