How many Nasdaq futures points =$1 on the qqqs?

[spinn]

I am trying to build a strategy and this might help. How many points would nasdaq futures have to go up to result in a $1 up move in the QQQs? It seems like it might be 41. So if naz futures go up 41 points the QQQs would rise $1? Is this way off?

 

[TrailerParkTed]

41.0989?

 

[Zelos]

1 point = 2.5 cents
40 points = 1$
The 41 you calculated is from the included risk-free interest rate and dividend.

 

[BKR88]

Correct

1 / 396.75 = .0025204789
.0025204789 x 16465 = 41.5

 

[schizo]

I am trying to build a strategy

Stat arb by chance? That space is already overcrowded. Better to leave that to the faster algos with deep pockets.

 

[SunTrader]

NQ on top, QQQ in middle, Spread Ratio indicator on bottom - reading between 41.496-41.485 other than that one spike to 41.513:-

Note: looking back only a few days I see ratio can vary "a bit". The week before on Dec 29th range was 41.564 to 41.547