Trying to figure out profits on CME NASDAQ-100 trade

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billpritjr

I guess I am a moron or just need more sleep. Can someone help me with this:

Trader Jim buys 3 CME Nasdaq 100 contracts in March 2003 at 1100.

He holds them until April 2004, selling them at 1450.

What (dollar amount) did Jim make?

My math is

1450-1100=350

Tick size = 0.50, which is $50.00 per contract.

350/.50 = 700. 700 X $50 = 35,000

35,000 X 3 contracts = 105,000

$105,000 profit. Is this correct? It seems low to me, maybe I am not figuring the math correct.
 
Quote from Surdo:

350pts X $20/Point X 3 Contracts = $21,000

Minus commission, and rollover costs.

NQ = $20/point
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The pit traded contract (ND) is 5x NQ. Thus $105,000 is the correct amount if we're talking ND rather than NQ.
 
Quote from Surdo:

I am just a mini kinda guy!
In that case the OP is indeed correct.
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a secondary question would be, say I want to deploy $60,000 towards trading NASDAQ futures. Buy 3 full size NASDAQ-100's or buy 16 E-Mini contracts?

which is more bang for buck?
 
Quote from billpritjr:

a secondary question would be, say I want to deploy $60,000 towards trading NASDAQ futures. Buy 3 full size NASDAQ-100's or buy 16 E-Mini contracts?

which is more bang for buck?
More...

that's the wrong question
 
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