Nope. It was not possible to trade at negative.
IBKR doesn't allow to trade CL in the day of settlement, only cash-settled contracts: QM - https://www.cmegroup.com/trading/energy/crude-oil/emini-crud... WTI - https://www.theice.com/products/213/WTI-Crude-Futures
You can't buy a contract for 1c. You need to pay the margin, and the margin for futures is not calculated based on current price, it's calculated with SPAN, that considers different scenarios in which you can lose…
Nope. It was not possible to trade at negative.
IBKR doesn't allow to trade CL in the day of settlement, only cash-settled contracts: QM - https://www.cmegroup.com/trading/energy/crude-oil/emini-crud... WTI - https://www.theice.com/products/213/WTI-Crude-Futures
You can't buy a contract for 1c. You need to pay the margin, and the margin for futures is not calculated based on current price, it's calculated with SPAN, that considers different scenarios in which you can lose…