MCLZ8 expiry: November 21, 2028

When MCLZ8 stops trading

Trading terminates 3 business days prior to the 25th calendar day of the month prior to the contract month. If the 25th is not a business day, trading terminates 3 business days prior to the last business day preceding the 25th. For MCLZ8 that falls on November 21, 2028.

Senzoukria stops offering MCLZ8 as the default contract on November 17, 2028, 4 calendar days before that last trading day, and keeps it selectable with a badge. The date is computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date that falls next to a public holiday can be one day off the exchange calendar. Check the exchange calendar when the date sits close to a holiday.

When the volume actually leaves

Energy contracts expire monthly, so the roll is a routine of every month rather than every quarter. Volume leaves the expiring month several sessions before its last trading day, and the spread between the two months widens as it does.

MCLZ8 is the last 2028 delivery listed for MCL, so the volume moves into the first 2029 contract.

What one tick is worth on MCLZ8

The minimum price fluctuation is 0.01, which is $1.00 per contract on a multiplier of 100. A full point is therefore $100.00. On a footprint chart one row is one tick, so the same vertical space holds a different number of rows depending on the product: a tick of 0.01 sets how finely the bid and ask volume of MCL can be read.

These are the values the app itself trades on, taken from its contract table rather than retyped, so the P&L shown on a MCLZ8 position and the rows of its footprint come from the same numbers.

Every MCL delivery listed in 2028

MCL lists 12 delivery months a year (F, G, H, J, K, M, N, Q, U, V, X, Z). MCLZ8 is number 12 of 12 in 2028.

MCLZ8 and CLZ8 side by side

MCL and CL track the same underlying, but CL is 10 times the size of MCL: $10.00 a tick against $1.00. Both quote on the same 0.01 tick. MCLZ8 and CLZ8 share the same last trading day, November 21, 2028, so a position in either rolls on the same date.

The practical difference is position sizing rather than behaviour. MCL lets a 10-contract position carry the same exposure as one CL, which makes partial exits possible on a small account; CL carries the deeper book, so its footprint and its depth of market are the ones to read even when the position is held in MCL.