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QM futures expiry calendar 2028: 12 dates

QM (E-mini Crude Oil) lists 12 delivery months on NYMEX in 2028. The first last trading day of the year falls on December 21, 2027, the last on November 21, 2028. This page gives the exact date of each one, and the date the app moves its default to the next month.

Updated September 2026First published 22 October 2026

On this page
  1. Contract specifications
  2. Every QM delivery listed in 2028
  3. The rule that sets these dates
  4. When the volume moves between these months
  5. What one tick of QM is worth
  6. Related pages
  7. In the same section
  8. This page in other languages
  9. Frequently asked questions

Contract specifications

Product
E-mini Crude Oil (QM)
Exchange
NYMEX
Year
2028
Deliveries listed
12
First of the year
QMF8 (Dec 21, 2027)
Last of the year
QMZ8 (Nov 21, 2028)
Tick size
0.025
Tick value
$12.50
Point value
$500.00

Every QM delivery listed in 2028

QM trades 12 delivery months in 2028 (F, G, H, J, K, M, N, Q, U, V, X, Z). Dates are computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date next to a public holiday can be one day off the exchange calendar.

The letter in a contract symbol is its delivery month: F = January, G = February, H = March, J = April, K = May, M = June, N = July, Q = August, U = September, V = October, X = November, Z = December. The digit that follows is the year.

QM 2028: last trading day and roll date of every listed delivery
ContractDeliveryLast trading dayDefault rolls on
QMF8Jan 2028Dec 21, 2027Dec 17, 2027
QMG8Feb 2028Jan 20, 2028Jan 16, 2028
QMH8Mar 2028Feb 22, 2028Feb 18, 2028
QMJ8Apr 2028Mar 21, 2028Mar 17, 2028
QMK8May 2028Apr 20, 2028Apr 16, 2028
QMM8Jun 2028May 22, 2028May 18, 2028
QMN8Jul 2028Jun 20, 2028Jun 16, 2028
QMQ8Aug 2028Jul 20, 2028Jul 16, 2028
QMU8Sep 2028Aug 22, 2028Aug 18, 2028
QMV8Oct 2028Sep 20, 2028Sep 16, 2028
QMX8Nov 2028Oct 20, 2028Oct 16, 2028
QMZ8Dec 2028Nov 21, 2028Nov 17, 2028

The rule that sets these dates

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.

When the volume moves between these months

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.

What one tick of QM is worth

The minimum price fluctuation is 0.025, which is $12.50 per contract on a multiplier of 500. A full point is $500.00. These are the values the app itself trades on, so the rows of a QM footprint and the P&L on a QM position come from the same numbers.

In the same section

This page in other languages

Frequently asked questions

When do QM futures expire in 2028?
QM has 12 listed deliveries in 2028. The first last trading day is December 21, 2027 and the last is November 21, 2028. The table above gives every month in between.
How many QM contracts are listed in 2028?
12, on the delivery month codes F, G, H, J, K, M, N, Q, U, V, X, Z.
Which QM contract should I be trading?
The one carrying the volume, which is usually the nearest delivery that has not reached its roll date. Compare the traded volume and open interest of the two nearest months rather than going by the last trading day alone.
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