Definition. Moving from an expiring futures contract to the next one. For MYM it happens four times a year.
How it works
Index futures have March (H), June (M), September (U) and December (Z) contracts. A contract expires on the third Friday of the month, and liquidity usually moves to the next one about a week earlier.
Example
MYMZ26 is the December 2026 contract. In December, liquidity moves to MYMH27.
What to watch out for
After the roll, the old contract has less volume. Check the symbol on your charts and in your order entry platform, and the definition of your continuous contract.
Hetman Terminal – the “Order flow” set: heatmap, DOM, footprint and profiles in one window. Screenshot from the Hetman Index (IHA) – a training instrument, simulated data. See all the Hetman Terminal tools →
♛ The Hetman Terminal is part of Club: live for Dow Jones from the Bishop plan, 6 markets (Dow Jones, S&P 500, Nasdaq, gold, crude oil, Bitcoin) and automatic detection of order flow events from the Rook plan. A session on the ♛ Hetman Index (training, simulated data) in the full panel comes with the Knight plan and above. Compare the plans →
You'll find the full explanation with graphics, examples and exercises in the 📖 Order flow encyclopedia space, and its use in the live market in the 🔴 Live Room. Both are available to Club members (in Polish).
