Going down down down down

[Cuddles]

why are futures' market value worth 2x the position?...just started dicking around today

 

[Max E.]

why are futures' market value worth 2x the position?...just started dicking around today

Because it takes Brass balls to sell real estate, j/k couldnt resist.

 

[Cuddles]

In all seriousness no one knows why 1ES is worth more than 10 SPY's

this is what I mean:

I'm holding 1 future contract valued @ 17k but the ask/bid is at 8500ish

 

[Max E.]

Ahh makes sense, ypour wondering about "TICK" value..... hate to break it to you but tht also does not make any sense..... mathematically anyways.... 1 tick on the ES is 12,50 bucks, thats an eights of a point on the SPY, does that make sense? Nope.... Sorry dude. wish i could explain it but this is another example of wallstreet being horseshit.

Tick values are always different depending on the contract.

 

[Bugenhagen]

this is what I mean:
View attachment 220928

I'm holding 1 future contract valued @ 17k but the ask/bid is at 8500ish

A MNQ micro not an NQ mini. I must admit I've never paid any attention to the notional contract values, just traded them.

"For example, if the S&P 500 is trading at 2,900, one Micro E-mini S&P contract (ticker /MES) would be 2900 x the $5 multiplier, for a notional value of $14,500. By comparison, with the E-mini S&P (ticker /ES), at 2,900 x the $50 multiplier, notional value is $145,000."

https://www.cmegroup.com/education/frequently-asked-questions-micro-e-mini-equity-index-futures.html

85.75 ES points per contract and going to bed. I kind of hate it when the money is so easy you actually get sick of being forced to stay at the grindstone.

 

[DTB2]

Why? Because it is-LOL
Micro E-mini Nasdaq-100 Futures Contract Specs:

• Exchange: Chicago Mercantile Exchange (CME)
• Class: Futures
• Trading Symbol: MNQ
• Contract Size: $2 x Nasdaq-100 Index
• Pricing Unit: U.S. Dollars
• Tick Size: 0.25
• Tick Value: $0.50
• Point Value: 1 = $2
• Intraday Margin: $50
• Contract Months: March, June, September & December
• Trading Hours: Sunday to Friday 6:00 pm – 5:00 pm ET
• Position Limit: 100 contracts

 

[Max E.]

A quarter point on the ES is roughly 25 cents on the spys....

Thats the way i look at it, its always a ten 10:1 conversion.

 

[Max E.]

A MNQ micro not an NQ mini. I must admit I've never paid any attention to the notional contract values, just traded them.

"For example, if the S&P 500 is trading at 2,900, one Micro E-mini S&P contract (ticker /MES) would be 2900 x the $5 multiplier, for a notional value of $14,500. By comparison, with the E-mini S&P (ticker /ES), at 2,900 x the $50 multiplier, notional value is $145,000."

https://www.cmegroup.com/education/frequently-asked-questions-micro-e-mini-equity-index-futures.html

85.75 ES points per contract and going to bed. I kind of hate it when the money is so easy you actually get sick of being forced to stay at the grindstone.

I couldbe wrong but i think he is wondering the value per tick on the ES, you lose 50 quarter point, you make or lose more thn that on the spys/es.

 

[Bugenhagen]

I couldbe wrong but i think he is wondering the value per tick on the ES, you lose 50 quarter point, you make or lose more thn that on the spys/es.

Probably right, honestly my brain is mush and feels like its been doing a long shift of this... and it is just Sunday. I may need melatonin or something after last week plus the week ahead...

 

[Max E.]

Probably right, honestly my brain is mush and feels like its been doing a long shift of this... and it is just Sunday. I may need melatonin or something after last week plus the week ahead...

LOL, fair enough you pulled in a big one here