"E-Mini S&P Futures Tutorial"
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E-Mini S&P Futures
Start Date: 09/09/1997
Ticker Symbol: ES
Charting Symbol's are as follows, ES1M or ESM1 are the most common.
Note: All trading in the E-Mini S&P 500 will occur on GLOBEX with the exception of all or none trades during RTH trading hours. Trading shall continue on GLOBEX until 8:30 a.m. the day following the last day of trading on the Trading Floor.
GLOBEX Trading Hours for E-Mini's
3:45pm CST- 3:15pm CST (the next day) Monday through Friday.
5:30pm CST on Sunday - 3:15PM CST which is Monday's close.
Also on Monday through Thursday from 10:00pm CST - 11:00pm CST
the E-mini S&P futures contract pauses and does not trade for about 1 hour.
Quotation: U.S. Dollars per Index Point
Contract Size: $50 x S&P 500 Stock Index
Delivery Months: March (H), June (M), September (U), December (Z)
Minimum Tick (Size/Value): 0.25 or $12.50
Each minimum fluctuation is .25 which is $12.50 and 1.00 is $50.00.
One full point for example from 1175.00 to 1176.00 is 1.00 which is $50.00
Contract size calculation example: lets say the E-Mini S&P futures contract is trading at 1171.00, well at $50.00 per point multiplied by 1171.00 you get the contract size of $58,550.00
If the day trading margin to trade and hold 1 e-mini s&p futures contract during the day is approximately $2200.00 Initial margin. $58550 divided by $2200 shows you a controlling leverage of about 27 to 1.
There are no up tick rules like in the stock market, and you can freely Buy and Sell according to how much margin you have in your trading account.
If you have other questions your welcomed to contact us at email@example.com or 1-800-676-1562.
The information contained herein is believed to
be reliable, but is not guaranteed as to its accuracy or completeness.
The information contained herein is subject to change without notice.
Neither the information printed nor any opinion expressed constitutes a
representation by FarrDirect. or a solicitation of the purchase
or sale of any commodity futures or options of any kind. Those using the
information herein for trading purposes are responsible for their own
actions and no claim is made that the recommendations will be profitable
or that they will not result in losses. There is a risk of
loss in futures trading.