QMN8 expiry: June 20, 2028

When QMN8 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 QMN8 that falls on June 20, 2028.

Senzoukria stops offering QMN8 as the default contract on June 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 QMN8 the next listed delivery is QMQ8, whose last trading day is July 20, 2028. That is the contract the volume moves into, just as it moved out of QMM8 on May 18, 2028.

What one tick is worth on QMN8

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 QMN8 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). QMN8 is number 7 of 12 in 2028.