Emini S&P Futures Question

[mnkgriff89]

Hi guys, I'm new to daytrading. Looking to learn as much as I can. I'm kind of confused with the pricing of the emini futures S&P. Is it $50 a contract no matter what the price and you make your gain/loss off of the price change? For example, if you buy 1 contract at 950, and sell at 951, you made $50? Thanks in advance!

 

[abottoml]

From: E-mini S&P - Wikipedia, the free encyclopedia

"The notional value of one contract is US$50 times the value of the S&P 500 stock index"

So yes, if you're going long and open at 950 and close at 951, you've made $50 minus fees.

The big S&P is $250 times the index, but it is only pit traded.

 

[mnkgriff89]

From: E-mini S&P - Wikipedia, the free encyclopedia

"The notional value of one contract is US$50 times the value of the S&P 500 stock index"

So yes, if you're going long and open at 950 and close at 951, you've made $50 minus fees.

The big S&P is $250 times the index, but it is only pit traded.

Ok, thanks for the response. So, when the emini is at 925, or 950, or whatever price, I'm always paying $50 per contract?

 

[rathcoole_exile]

yes, remember that while each handle (full point) moves your account $50, price moves in 25c increments, meaning a change to your PnL of $12.50 per car (contract) for each movement

 

[mnkgriff89]

yes, remember that while each handle (full point) moves your account $50, price moves in 25c increments, meaning a change to your PnL of $12.50 per car (contract) for each movement

Thank you for the response, I understand now.

 

[fantastic4]

Mnkgriff, you do understand that you would profit 50 dollars per point, and 12.50 per tick, not pay that for the contract? You keep using paying in your questions, so I was thinking you might be confused. One contract at most brokerages now, requires 6,000 dollar margin, and 500 dollars for day trading margin.