Simple ?

Visionary8 · Sep 27, 2006

I'm new to futures.

How much is one contract for the E-Mini market?

MTE · Sep 27, 2006

Since you don't specify, which e-mini, look it up yourself:

CME
CBOT
NYMEX

Visionary8 · Sep 27, 2006

The S&P 500!

MTE · Sep 27, 2006

click here for contract specs

Visionary8 · Sep 27, 2006

I understand that with each point earned, you get 50$.
But what I don't understand is the price to purchase 1 contract!

MTE · Sep 27, 2006

You buy at current market price, you can look up the delayed quotes on the front page of CME. For realt time quotes you'll need an access to real time data. At the moment, E-mini S&P500 is 1346.

Visionary8 · Sep 27, 2006

OK OK OK,

So i have to put 5% down minimum of the index price???

MTE · Sep 27, 2006

No, the margin on e-mini S&P 500 is $3,938.

Visionary8 · Sep 27, 2006

Well let me kick it to ya like this.

How many contracts can I control with 4000$ in the E-Mini S&P market?

Chuck Krug · Sep 27, 2006

check your broker.
most have a $1969 initial margin for ES (mini S&P) during market hours