What is the First Notice Date and Last Trade Date?

First notice date is the first day on which a buyer of a futures contract may be notified that they must take physical delivery of the contract's underlying commodity.

Last Trade Date is the date on which the contract will cease trading.

As Webull does not support physical delivery, you have to close your position before the first notice date or last trade date, whichever is earlier to avoid physical delivery.

Opening of new position(s) for physical delivery contract is not supported 7 business days prior to the First Notice Date (FND) or Last Trading Date (LTD) whichever is earlier. You are only allowed to close your position(s) during this period.

Forced Liquidation for open positions will be carried out 5 business days prior to the First Notice Date (FND) or Last Trading Date (LTD) whichever is earlier. The forced liquidation will be conducted on a best-effort basis at 11 AM MYT.