The nearest expiration date for Los Angeles CARBOB Gasoline (OPIS) vs. RBOB Gasoline Futures (Aug 2014) is Aug 29, 2014.
The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell Los Angeles CARBOB Gasoline (OPIS) vs. RBOB Gasoline Futures (Aug 2014) before Aug 29, 2014.