Futures rollover refers to the process where traders close positions in the termination contract and open new in the next available contract. It is important for traders in the US Equity Index futures, such as S&P500 (ES), Nasdaq 100 (NQ), Dove Jones (YM), and Russell 2000 (RTT), as these contracts have determined the termination cycles.
The American equity index futures follow the quarterly end cycle on the third Friday of March, June, September and December.
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Expiry date (last trading day):
- The US Equity Index Futures (S&P 500, Nasdaq 100, Dow and Russell 2000) ending on the third Friday of the contract months (March, June, September, December).
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Rollover date (liquidity change):
- Traders begin to roll their positions on Monday before the third Friday, making it a commonly observed rollover period.
An alternative approach is to see volume and liquidity, as the actual change occurs when traders actively infection.
| Contract month | Market Rollover (Mon before 3) | termination |
|---|---|---|
| September 2025 | September 15, 2025 (Mon) | September 19, 2025 (Venus) |
| December 2025 | 15 December, 2025 (Mon) | December 19, 2025 (Venus) |
| March 2026 | March 16, 2026 (Som) | March 20, 2026 (Venus) |
| June 2026 | June 15, 2026 (Mon) | June 19, 2026 (Venus) |
