Er2=$100

I know this is a dumb question but I hve been looking and can't find the answer. All of the CBOE and other sites say the multiplier for the ER2 is= 100. Does that mean that 1 point move up/down is = $100?? or 1 tick up or down??

Thanks
gt

 

One full point is $100, one tick is $10

 

1 point is $100 USD. 1 tick is $10 USD. You need to go to CME for info on this contract. ER2 is wild sometimes. http://www.cme.com/clearing/clr/spec/contract_specifications_cl.html?product=ER

 

Depends on how many contracts you are trading.

The first thing you need to figure out is what exchange it trades on.


Go to the CME website.

 

Thanks alot guys will follow recommendations.

GT