FREE Guide - 5 Chart Patterns You Need to Know!

First Notice Day

What does First Notice Day mean?

The day in which the buyer of a futures contract can be called upon by the exchange to take delivery of the underlying commodity. First notice day occurs prior to expiration of the corresponding futures contract. First notice day may be different for each commodity and is fixed by the exchange.

Futures Knowledge Explains First Notice Day

This is the earliest day when notices of intent to deliver underlying commodities can be given. Market participants may choose to avoid dealing with the physical delivery of underlying assets by offsetting their obligation prior to first notice day.

Get Your FREE Technical Analysis Guide!
Timing is everything, and with this guide, you'll learn how technical analysis can help find the right time to enter and exit your futures trades. Nearly 30 explanations and examples of the most popular technical analysis tools are all in this one handy guide. It's like having a futures trading mentor at your side!