U.S. equity index futures follow the quarterly expiration cycle on the third Friday of March, June, September, and December.
U.S. equity index futures (S&P 500, Nasdaq 100, Dow, and Russell 2000) expire on the third Friday of the contract month (March, June, September, December).
Rollover Date (Liquidity Shift):
Traders start rolling their positions on the Monday prior to the third Friday, making it a commonly observed rollover period as well.An alternative approach is to watch volume and liquidity, as the real shift happens when traders actively transition.
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