On this page
Contract specifications
- Contract symbol
- QMG8
- Product
- E-mini Crude Oil (QM)
- Exchange
- NYMEX
- Delivery month
- February 2028 (code G)
- Last trading day
- January 20, 2028
- Default rolls on
- January 16, 2028 (4 days before)
- Tick size
- 0.025
- Tick value
- $12.50
- Point value
- $500.00
- Next delivery
- QMH8 (February 22, 2028)
When QMG8 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 QMG8 that falls on January 20, 2028.
Senzoukria stops offering QMG8 as the default contract on January 16, 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.
For QMG8 the next listed delivery is QMH8, whose last trading day is February 22, 2028. That is the contract the volume moves into, just as it moved out of QMF8 on December 17, 2027.
What one tick is worth on QMG8
The minimum price fluctuation is 0.025, which is $12.50 per contract on a multiplier of 500. A full point is therefore $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 0.025 sets how finely the bid and ask volume of QM 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 QMG8 position and the rows of its footprint come from the same numbers.
Every QM delivery listed in 2028
QM lists 12 delivery months a year (F, G, H, J, K, M, N, Q, U, V, X, Z). QMG8 is number 2 of 12 in 2028.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| QMF8 | Jan 2028 | Dec 21, 2027 | Dec 17, 2027 |
| QMG8 (this page) | Feb 2028 | Jan 20, 2028 | Jan 16, 2028 |
| QMH8 | Mar 2028 | Feb 22, 2028 | Feb 18, 2028 |
| QMJ8 | Apr 2028 | Mar 21, 2028 | Mar 17, 2028 |
| QMK8 | May 2028 | Apr 20, 2028 | Apr 16, 2028 |
| QMM8 | Jun 2028 | May 22, 2028 | May 18, 2028 |
| QMN8 | Jul 2028 | Jun 20, 2028 | Jun 16, 2028 |
| QMQ8 | Aug 2028 | Jul 20, 2028 | Jul 16, 2028 |
| QMU8 | Sep 2028 | Aug 22, 2028 | Aug 18, 2028 |
| QMV8 | Oct 2028 | Sep 20, 2028 | Sep 16, 2028 |
| QMX8 | Nov 2028 | Oct 20, 2028 | Oct 16, 2028 |
| QMZ8 | Dec 2028 | Nov 21, 2028 | Nov 17, 2028 |
Related pages
- QM futures
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Roll yield
- Continuous contract
- QMH8
- QMF8
- QM 2028
- CLG8
In the same section
This page in other languages
Frequently asked questions
- When does QMG8 expire?
- The last trading day of QMG8 is January 20, 2028. 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 should I roll out of QMG8?
- The app switches its default to the next listed month on January 16, 2028, which is QMH8. 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 last trading day.
- How much is one tick of QMG8 worth?
- One tick of 0.025 is $12.50 per contract, and a full point is $500.00, on a multiplier of 500.