YM just die?

volente_00 · Mar 7, 2005

if you had 15 short from 960 how did you lose 1075 by covering at 975 ?

volente_00 · Mar 7, 2005

anyone else getting good quotes ?

I stll have nothing

nitro · Mar 7, 2005

To ECBOT traders:
Mon Mar 7 12:32:38 2005 EST

The ECBOT has alerted us that they have halted trading once again as of 12:30 EST

nitro

Lefty62151 · Mar 7, 2005

Steve:
In case no mentions it to you, the ES tick is $12.50, while the YM is $5. You may want to make an adjustment, before you get into problems.
Good luck
Lefty

steve0617 · Mar 7, 2005

Quote from volente_00:

if you had 15 short from 960 how did you lose 1075 by covering at 975 ?

960 was the average. Actually, 960.6. I scaled in for 5 at 960, 5 at 961 and another 5 at 961.

steve0617 · Mar 7, 2005

Quote from Lefty62151:

Steve:
In case no mentions it to you, the ES tick is $12.50, while the YM is $5. You may want to make an adjustment, before you get into problems.
Good luck
Lefty

Yea, I know what each tick is worth. I just never did the math before to figure out exactly what the wash out would be if I had to hedge.

So, a learning experience.

volente_00 · Mar 7, 2005

$5 X 15 = $750 ?????????????

volente_00 · Mar 7, 2005

Thanks nitro, looks like today is a wash.

steve0617 · Mar 7, 2005

Quote from volente_00:

$5 X 15 = $750 ?????????????

15 contracts at $5 a point and a loss of approximately 14.4 points.

$1075 dollars precommission.

volente_00 · Mar 7, 2005

LOL steve nevermind, I was thinking you had 10 cars short.

bette rluck next time on the hedge.