40 point premium in YM

flipflopper · Jul 10, 2007

Anyone know why there has been a 40 point premium in the dow the past couple days compared to the ES?

ES down 9 YM down 50!?!?

flipflopper · Jul 10, 2007

Anyone?

BJL · Jul 10, 2007

osorico · Jul 10, 2007

YM and ES are correlated, not duplicative. YM on any given day will move 4 to 12 YM pts for 1 ES pt. So in your example 5 YM = 1 ES is well within the norm.

Osorico

bh_prop · Jul 10, 2007

You obviously are clueless if you expect the Dow and S&P to track 1:1 point wise

flipflopper · Jul 10, 2007

Quote from osorico:

YM and ES are correlated, not duplicative. YM on any given day will move 4 to 12 YM pts for 1 ES pt. So in your example 9 YM = 1 ES is well within the norm.

Osorico

Thanks!!

polpolik · Jul 10, 2007

Didn't he trade like 40 contracts of the YM

???

I guess trade first and ask questions later

flipflopper · Jul 10, 2007

Quote from bh_prop:

You obviously are clueless if you expect the Dow and S&P to track 1:1 point wise

I was looking more at a 10:1 correlation but thanks.

Bogan7 · Jul 10, 2007

Quote from flipflopper:

Anyone know why there has been a 40 point premium in the dow the past couple days compared to the ES?

ES down 9 YM down 50!?!?

You are joking right? This is a windup obviously

JimmyJam · Jul 10, 2007

I've seen such a large variance before ... right before the market fell off the ledge.

The real question is what is the Nazz doing in the mean time.

JJ