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Here's what the delayed quotes show: EURO $ DEC08 96.805 +20.5 EURO $ MAR09 96.265 A -90.5 EURO $ JUN09 95.88 A -144.5 EURO $ SEP09 95.875 -157 EURO $ DEC09 95.67 -154 EURO $ MAR10 95.53 -154.5

What the heck just happened there? Everything but Z8 just dropped over 100 points and then sprang back up. I chased a Z-H for 40 points before I managed to catch one. I suppose I should be happy with the 40 ticks I made, but it would have been nice to have nabbed a few more spreads 40...

Price Quote IMM index points. Each 0.01 (one basis point) equals $25. Minimum Price Fluctuation (Tick Size) 0.005 IMM index points (one-half of one basis point), or $12.50. So while a tick is officially $12.50, most people call that a half-tick. A full-tick, or two official ticks, is $25.