Hi Can someone explain me whats mean Expiring date for stock? What is gonna happen after expire date? Thanks
@Junioropl84 Futures contract trade within a certain timeframe. Once that timeframeās over (the expiration dateās reached) the contract expires & is no longer available for trading. However, thereās always another contract to take its place.
Once the expiration dateās reached (31 March 2020), your position will be automatically rolled over to the next futures contract, e.g. Brent XX April 2020. However, if you donāt your position to be rolled over, you can disable the feature via āsettingsā -> ātrading preferencesā.
You can check this video out if youāre interested in learning more about commodities:
Hi thanks for your answer but I am still not sure what this is mean for me if I buy this stock, what is happen to my stock after expire date? I am not able to sell it anymore? Would I lose my money?
Your positions will be rolled over, with an adjustment to reflect the price difference between the previous and the next contract, so your result will not change because of that and you will still be able to close it as you wouldāve been able to on the previous contract.
Please note that you are not buying a stock, you are purchasing a futures contract tied to the commodity.
Both Peter and David have answered your question 