40 point premium in YM

Discussion in 'Trading' started by flipflopper, Jul 10, 2007.

  1. Anyone know why there has been a 40 point premium in the dow the past couple days compared to the ES?

    ES down 9 YM down 50!?!?
  2. Anyone?
  3. BJL


    :confused: :D :confused: :p
  4. YM and ES are correlated, not duplicative. YM on any given day will move 4 to 12 YM pts for 1 ES pt. So in your example 5 YM = 1 ES is well within the norm.

  5. bh_prop


    You obviously are clueless if you expect the Dow and S&P to track 1:1 point wise
  6. Thanks!!
  7. Didn't he trade like 40 contracts of the YM :confused: ???

    I guess trade first and ask questions later :D
  8. I was looking more at a 10:1 correlation but thanks.
  9. You are joking right? This is a windup obviously
  10. I've seen such a large variance before ... right before the market fell off the ledge.

    The real question is what is the Nazz doing in the mean time.

    #10     Jul 10, 2007