Emini Russell worth 100 bucks?

Discussion in 'Index Futures' started by high99, Jan 15, 2004.

  1. high99


    Checking out the emini, it looks like a one point move would be worth $100.00 per contract. The thing seems to trade in
    tenths, each tenth worth $10 bucks.
    Do I have this correct?
  2. cosmic


  3. high99


    This thing moves around fast. It moves one point/$100 with ease. Also the volume is picking up over time.
  4. My favorite contract.

    I like this as a buy on breaks of pivots.

    A little trickier to trade shorts, as the thinness can whip you around, and as you know, a falling market trades different than a rising market. So I use NQ or EMD to short.
  5. The question is, why is this emini worth so much for each tick?
    I think the Mafia is running this one... :(
  6. cosmic


    but the whole contract worth equals YM & ES...

    So what?

  7. So it flies around like a witch on a broom.... :D
  8. cosmic


    :D :D :D

    that depends on your daytrading margin...but if you really suspect the M-Boys driving this, then better be prepared... :cool:

  9. Well, it has a contract value of 58,700 right now, ES has a contract value of about 56k right. ES tick is 12.50, this is 10 bucks. I dont see the difference.
  10. Then don't trade it.

    If it's too volatile for your taste, trade something else. Complaining about it won't change the contract specs or what a tick's worth. It is what it is. Live with it or avoid it.
    #10     Jan 15, 2004