Can someone explain ES intraday margin to me?

H

howruhowruong

Can someone help me with this?

So like i just did a trade with ES (not MES) on TradeStation:
I bought it with only one contract using a $3000 acc and the cost is $1510 something at 5566.5 and sold it at 5567

and i only make like $21

Am i getting the intraday rate? Like i can enter the trade below the overnight initial margin but the gain i am gaining is still the overnight rate?

I was expecting it to be 10x
 
Last edited:
You are looking at this like an equity. If you go to the CME website, you see maintenance margin on ES of $13,800 today. The initial margin is always 1.1X the maintenance or $15,180/future. https://www.cmegroup.com/markets/equities/sp/e-mini-sandp500.margins.html This is what the CME requires to cover risk. Your broker, for day trading, can provide a fraction of the initial margin if they want to, but by the end of the session, 5pm et, you need to have equity to cover the maintenance per future.

howruhowruong said:
For /ES, the contract size is $50 times the index value. So, for example, if the SPX is at 5,100, the contract value is $255,000. The minimum tick is one-quarter of an index point, or $12.50 per contract.

so i am expecting the minimum tick to be one-quarter of an index point, or $125 per contract for intraday margin

however it is not the fact?

I am only using $150+(1/10 the overnight) to open the contract but the gain for contract is not 10x?

Can someone help me with this?
More...
 
howruhowruong said:
Can someone help me with this?

So like i just did a trade with ES (not MES) on TradeStation:
I bought it with only one contract using a $3000 acc and the cost is $1510 something at 5566.5 and sold it at 5567

and i only make like $21

Am i getting the intraday rate? Like i can enter the trade below the overnight initial margin but the gain i am gaining is still the overnight rate?

I was expecting it to be 10x
More...
ES is $50 per full point regardless of what session (or margin used) .......... so

5567.00 - 5566.50 = 0.50

0.50 x $50 = $25
 
Robert Morse said:
You are looking at this like an equity. If you go to the CME website, you see maintenance margin on ES of $13,800 today. The initial margin is always 1.1X the maintenance or $15,180/future. https://www.cmegroup.com/markets/equities/sp/e-mini-sandp500.margins.html This is what the CME requires to cover risk. Your broker, for day trading, can provide a fraction of the initial margin if they want to, but by the end of the session, 5pm et, you need to have equity to cover the maintenance per future.
More...
so the gain is not 10x?

it only means i can open the trade with 1/10 less money?
 
Robert Morse said:
$1510 is 10% or 10x if that was the margin on the trade. As I told you, full is $15,180. 10% is $1518.
More...
now im asking that the intraday rate is only lowering the requirement to enter the trade but the actual profit and loss stay the same for both intraday/overnight rate per minimum tick am i right?
 
right for 5k you can trade a 10 lot es with amp. ts probably 15k?

ts for overnight going to be much more i bet.

note: with amp if you liquidate at session close and reopen the trade the margin is goes back to normal. not including holding over weekend.
 
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