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12.5 is per tick, however 1 ES point is 50 as 1 point is 4 ticks. Just go to the respective exchange and look up contract specs for the respective futures contract - look under value for 1 point.

Go to the exchange's website where that contract trades and look up contract specs for all the details, including the multiplier. For NQ that would be the CME.

Stupid, stupid move by the Fed...

See, with that I disagree, I think the odds are a lot better than in lottery!

Well, what stops it from being wrong twice?:D

DXL is 10 times DJX.

I agree that more often than not these kind of responses do arise. However, in my opinion, they are made with the best interest of the person asking the question in mind, cause if the person is trading options and doesn't know the answer to the particular question then he/she doesn't understand...

I second that, TOS is hard to beat when it comes to service!

You broker is not a mind reader, they don't know what you wanna do! Futures are not FX! If you want to roll then you have to manually close out the Sep and open the Dec.

Rolling is just a fancy way of saying that you are taking a loss on an existing position and opening a new one (the more frequent version), or taking a profit on an existing and opening a new one (the less frequent version). :)

Depends on which options you are gonna trade - ATM, OTM, ITM. If OTM or ITM then how far in- or out-? Which expiry, front month, second month, back month, Leaps? The liquidity dries up the further you go out- or in-the-money and further out in time.

Since the options are on the futures contract, the ES delta is 1. The 0.5 delta would apply if you used the cash index options to hedge the futures, since they have a multiplier of 100 and the futures have 50.

There's no such thing as an imbalance. The put call parity is the most basic relationship and you can rest assured the market makers, who make a living with this, have priced the options correctly. These mispricing do arise, but they only exist for a second, after which time they are arbed out...

1. Find a broker that does offer them. 2. OTC is a bucketshop. I wouldn't recommend trading OTC options unless you have a huge account, but then you wouldn't be asking about Saxobank. The edge give up is outrageous. 3. There are some differences in pricing since one is a futures contract...

Futures, yes, options on futures, no!

CME and CBOT

Pattern Day Trader rule applies to options and stocks, so if you want to avoid it without the $25K account then trade futures and/or options on futures.

Futures accounts are always segregated. In Refco's case the OTC accounts were the ones to get hit not futures! The futures were bought out a few days after the fall.

No, there's no way to hedge gamma with futures as they don't have a gamma.

Yeah, Mav, that first pic is Disneyland Paris not Zug.