How to do a roll over in futures contract?

bunny

Well-Known Member
#1
Hi guys,
I am holding a MINIFTY 24-Sep-2009 contract and would like to rollover to the Oct contract.

Is there any special command or procedure.

Or should I just sell this Sep contract and buy the Oct contract. Won't this attract brokerage, service tax, stt, cess, etc.

Is there any way to do it without attracting brokerage and tax?

Thank you.
 

trader.trends

Well-Known Member
#2
Bunny
Rollover means just that. Squaring off current month contract and carrying the same position in the next month contract. Yes it will attract all the charges that you have mentioned. There is no other special procedure for doing it. Alternatively you can open fresh position in the next month contract and you can wait for the current month contract to be exercised on the expiry day but that will be done by the exchange at the settlement price of the expiry. The risk of not doing it at your price is always inherent in that.
 

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