RE:RE:What happensHOU is currently tracking the June contract 100%, has so since April 9th. Today at 2:30 that June contract will replace the May contract and become the front contract.
Then starting May 6 and ending on the 11th HOU will have rolled 100% into the July contract and our gains & losses will be 2X that contract until June. At that time the front will continue to be the June until May 20 and we will be the 2nd contract.
Same pattern every month, from about the 20th of any month until about the 8th of the following month HOU tracks the front contract. From the 8th to the 20th of the same month we track the 2nd contract.
So, as of now, the June contract was $21.34 at the close of HOU, yesterday at 4:00.
The June contract is currently 16.74 down 4.60 or -21.56% or 2X for HOU -43.11.
All contracts on the futures are open and trading from 6pm until 5pm the following day.
HOU trades fron 9:30 to 4:00, adjustments need to be made to HOU for the hours the futures are open but the N/A stock market isnt. Watch the futures, and it's simple to see where we are going to open each day.
If nothing changes (which it will) by open 9:30 HOU will start today down -43.11 which means it would open at $1.79ish.
Getting close to a good time to buy HOU...