I think I know the answer to my question , but want to confirm it with other Traders who are more knowledgeable in Financial Futures Is a move in ZB from 151.00 to 152.00 = $3,125 ? And if so, then are the following calculations correct : a move in ZN from 151.00 to 152.00 = $1,562 a move in ZF from 151.00 to 152.00 = $781 a move in ZT from 151.00 to 152.00 = $3.125 I'm not sure if these are correct calculations ? Thanks so much
The notional value of ZB is x1000 which is currently $152 x 1000 = $152,000 The tick size is in 32s which makes a tick equal to $31.25. So a move from $151 to $152 is worth $1000. Ticks in options are in 64s. ZN is quoted in halves of 32s or $15.625 per half 32. But a $1 move in ZN is still worth $1000. ...and so on.