I've been trading the QQQ for a while now, and I am interested in moving to the NQ or ES. Could you answers some of the questions below so that I can get started trading futures with you guys? 1) The NQ follows the Nasdaq index and the ES follows the S&P index, right? 2) Futures have strike just like options right? If the Nasdaq is now at 1350, I can buy/sell the NQ at different strikes, say, 1200, 1250, or 1500. Is this correct? 3) Is there such a thing as time premium for futures? Say if the Nasdaq is at 1500 and I want to buy the NQ at strike 1400, the price would be at least 100 X 20, right? 4) Similar to question 3, if Nasdaq is trading at 1500, if I want to buy NQ at strike 1600, how much would it cost? What about strike 1700? 5) What determines the price of futures at various strikes.