Not exact matches
The managers of these securities buy and sell VIX futures daily to maintain a constant maturity of one month (long for VXX and short for XIV), continually
rolling partial positions from the nearest
term contract to the next nearest.
Perhaps Arsene should stay on next season on a
rolling contract while the club find his long
term replacement taking as long as they need to find them, Arsene can then step aside next season with everything perfectly in place.
There's still no pricing available for Bold 9780 yet, but expect to pay an arm and a leg for a short
term contract as that's how Canada
rolls.
If you stay beyond the fixed
term, and no new
contract is signed, the tenancy automatically becomes a statutory periodic
contract (often referred to as a «
rolling»
contract).
Longer - dated futures
contracts can be used to hedge or short -
term futures can be
rolled forward at little or no additional cost.
Secondly, and this is the big issue, depending on how the underlying ETF
rolls its futures
contract, backwardation or contango can hurt returns over the long
term.
If exercising doesn't make financial sense within a
contract's
term, you can always
roll over the
contract to lock in more time (by selling your current
contract and buying a new one with a later expiration date).
All futures have fixed expiration days; hence the S&P 500 VIX Short -
Term Futures Index has to
roll from the first month futures
contract to the second month futures
contract prior to the expiration on the first month
contract.
Since commodity ETFs purchase near -
term contracts and
roll it over as they approach expiry, a buy - and - hold investor in these securities is steadily losing money (because
contracts are
rolled over into ever more expensive
contracts) as long as markets remain in contango.
Its downfall are those same futures
contracts in contango as
rolling eats away at the fund's value over the long
term.
The
contract stipulates a minimum
term of 5 weeks (which is passed) and then
rolls on a weekly basis.
VAT will be relevant not only in respect of
contracts which are expressed to continue beyond 1 January 2018, but also in the context of short
term agreements on «
rolling»
terms.
If you are planning to do that as well, I recommend the Bitmex futures
contracts rather than the perpetual swaps as the futures
contracts are completely free from
rolling fees, and thus more suitable for long -
term positions.