Posted by fredsaid on 17th of Nov 2022 at 02:31 pm
So on futures there is no strike prices, you simply buy or sell
a contract at the current futures market price - correct ?
For example Dec was up to 3990 earlier today.
Posted by keyhole7 on 17th of Nov 2022 at 02:51 pm
Correct, no “Strike” price as in options
/ES is $12.50 per 0.25 move in price so 1 point = $50
/MES is $1.25 per 0.25 move in price so 1 point = $5
To trade 1 contract of /ES you must have $14,300 margin in your
account
To trade 1 contract of /MES you must have $1,430 margin in your
account
Example – Buy 1 /ES contract at 3942. Price goes up 1 point to
3943, if you sell at 3943 you make $50. If price goes from your
purchase price of 3942 to 3941 and you sell at 3941 you lose
$50.
There is usually around $4 commission for a buy and sell of 1
contract.
SPX 3
Posted by steve on 17th of Nov 2022 at 01:27 pm
$SPX - Chart Link
Bought a SPY PUT at
Posted by retirefire on 17th of Nov 2022 at 02:16 pm
Bought a SPY PUT at 3951 in conjunction with system trade
What would be a good
Posted by fredsaid on 17th of Nov 2022 at 02:17 pm
What would be a good MES contract to buy assuming the system is still triggering short ? I finally got my futures permission from IB.
Dec 22 - is the
Posted by steve on 17th of Nov 2022 at 02:22 pm
Dec 22 - is the current contract
So on futures there is
Posted by fredsaid on 17th of Nov 2022 at 02:31 pm
So on futures there is no strike prices, you simply buy or sell a contract at the current futures market price - correct ? For example Dec was up to 3990 earlier today.
Correct, no “Strike” price as
Posted by keyhole7 on 17th of Nov 2022 at 02:51 pm
Correct, no “Strike” price as in options
/ES is $12.50 per 0.25 move in price so 1 point = $50
/MES is $1.25 per 0.25 move in price so 1 point = $5
To trade 1 contract of /ES you must have $14,300 margin in your account
To trade 1 contract of /MES you must have $1,430 margin in your account
Example – Buy 1 /ES contract at 3942. Price goes up 1 point to 3943, if you sell at 3943 you make $50. If price goes from your purchase price of 3942 to 3941 and you sell at 3941 you lose $50.
There is usually around $4 commission for a buy and sell of 1 contract.
The margin and commissions are for Thinkorswim
Very nice example...was reading around
Posted by fredsaid on 17th of Nov 2022 at 02:52 pm
Very nice example...was reading around on the web but this was better. Thank You!
fredsaid - I would suggest
Posted by craigm on 17th of Nov 2022 at 02:37 pm
fredsaid - I would suggest you paper trade futures several times so you understand how it works before risking real money.