S&P 500 Futures Limits for 3/09/20

F

FSU

Here are the futures limits in the SPU's for Monday that I have found. Please correct if you have other information. I rounded all numbers so could be off by a point.

Previous close price 2967.80

Overnight limit, can't trade below but can trade above.
-5% 2819
Intra day

-7% Trading Halt 15 mins
2759

-13% Trading Halt 15 mins
2581

-20% Closed for rest of day
2373

After 2:25pm ct (or maybe 2:00ct ?) only the 20% number applies
 
Yep and there you have it once again....cant trade down, but can trade up as high as it wants.

Amazing how everything can be limited to the downside but upside can go on forever. There should be no such thing as circuit breakers. Just let the markets trade where they are supposed without any kind of intervention!!!!!!!!!!
 
S2007S said:
Yep and there you have it once again....cant trade down, but can trade up as high as it wants.
More...

20% down move in one day not enough for you?

Do you want to see your broker blown out of the water as well with all your funds gone and have to wait years to get your money back?
 
southall said:
20% down move in one day not enough for you?

Do you want to see your broker blown out of the water as well with all your funds gone and have to wait years to get your money back?
More...

I agree. The OP should just trade crude if he wants the thrill of massive volatility. Down 33% from Friday and still flying around.
 
southall said:
20% down move in one day not enough for you?

Do you want to see your broker blown out of the water as well with all your funds gone and have to wait years to get your money back?
More...


Well wouldn't that give you and everyone the awesomeness of buying g companies at 60-80% off??
Bargain basement prices, but nope.
 
S2007S said:
Well wouldn't that give you and everyone the awesomeness of buying g companies at 60-80% off??
Bargain basement prices, but nope.
More...

You can do that right now with just about every company in the energy sector. Obviously, the bigger issue is that once they are 80% off their debt becomes harder to service and the companies can go into a death spiral. A one-day 60-80% off is just a pipe dream, you aren't considering funding issues, margin liquidations, brokerages going under (as Southall alluded to).
 
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