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Contract specifications
- Contract symbol
- MHGN8
- Product
- Micro Copper (MHG)
- Exchange
- COMEX
- Delivery month
- July 2028 (code N)
- Roll anchor
- June 28, 2028
- Official last trading day
- July 27, 2028
- Default rolls on
- June 24, 2028 (4 days before)
- Tick size
- 0.0005
- Tick value
- $1.25
- Point value
- $2,500.00
- Next delivery
- MHGU8 (August 29, 2028)
The date that matters on MHGN8
The first notice day of MHGN8 is June 30, 2028, the last business day of the month preceding delivery. Senzoukria anchors its roll two business days earlier, on June 28, 2028.
This date is not the last trading day. A metal contract keeps quoting into its delivery month, but past the first notice day it is deliverable, liquidity collapses, and most brokers and prop firms liquidate what is left. Senzoukria therefore anchors its roll two business days before the first notice day and never offers a contract already in its delivery period.
MHGN8 itself keeps quoting until its official last trading day, July 27, 2028, the third-to-last business day of its delivery month, but that session sits inside the delivery period and is not where the volume is.
Senzoukria stops offering MHGN8 as the default contract on June 24, 2028, 4 calendar days before that roll anchor, 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
Metal contracts stay quoted into their delivery month, but the volume leaves before the first notice day. The active month is rarely the one whose name matches the calendar, so checking the date rather than the month name is the habit that avoids trading a dying contract.
For MHGN8 the next listed delivery is MHGU8, whose roll anchor is August 29, 2028. That is the contract the volume moves into, just as it moved out of MHGK8 on April 22, 2028.
What one tick is worth on MHGN8
The minimum price fluctuation is 0.0005, which is $1.25 per contract on a multiplier of 2500. A full point is therefore $2,500.00. 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 0.0005 sets how finely the bid and ask volume of MHG 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 MHGN8 position and the rows of its footprint come from the same numbers.
Every MHG delivery listed in 2028
MHG lists 5 delivery months a year (H, K, N, U, Z). MHGN8 is number 3 of 5 in 2028.
| Contract | Delivery | Roll anchor | Default rolls on |
|---|---|---|---|
| MHGH8 | Mar 2028 | Feb 25, 2028 | Feb 21, 2028 |
| MHGK8 | May 2028 | Apr 26, 2028 | Apr 22, 2028 |
| MHGN8 (this page) | Jul 2028 | Jun 28, 2028 | Jun 24, 2028 |
| MHGU8 | Sep 2028 | Aug 29, 2028 | Aug 25, 2028 |
| MHGZ8 | Dec 2028 | Nov 28, 2028 | Nov 24, 2028 |
MHGN8 and HGN8 side by side
MHG and HG track the same underlying, but HG is 10 times the size of MHG: $12.50 a tick against $1.25. Both quote on the same 0.0005 tick. MHGN8 and HGN8 share the same roll anchor, June 28, 2028, so a position in either rolls on the same date.
The practical difference is position sizing rather than behaviour. MHG lets a 10-contract position carry the same exposure as one HG, which makes partial exits possible on a small account; HG carries the deeper book, so its footprint and its depth of market are the ones to read even when the position is held in MHG.
Related pages
- MHG — Micro Copper
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Continuous contract
- Back month contract
- HG — Copper
- Micro contracts
- MHGU8
- MHGK8
- MHG 2028
- HGN8
In the same section
This page in other languages
Frequently asked questions
- When does MHGN8 stop being tradable in practice?
- The roll anchor of MHGN8 is June 28, 2028. The first notice day is the last business day of the month preceding the delivery month; the official last trading day is the third-to-last business day of the delivery month itself. This date is not the last trading day. A metal contract keeps quoting into its delivery month, but past the first notice day it is deliverable, liquidity collapses, and most brokers and prop firms liquidate what is left. Senzoukria therefore anchors its roll two business days before the first notice day and never offers a contract already in its delivery period.
- When should I roll out of MHGN8?
- The app switches its default to the next listed month on June 24, 2028, which is MHGU8. In practice the volume moves before the calendar does, so compare the traded volume and open interest of the two months rather than waiting for the roll anchor.
- How much is one tick of MHGN8 worth?
- One tick of 0.0005 is $1.25 per contract, and a full point is $2,500.00, on a multiplier of 2500.
- Does MHGN8 really stop trading on June 28, 2028?
- No. MHGN8 keeps quoting until July 27, 2028, the third-to-last business day of its delivery month. June 28, 2028 is the roll anchor Senzoukria uses, two business days before the first notice day, because past that point the contract is deliverable and the liquidity is gone.