Nq - - Qqqq - - Qid

Discussion in 'Strategy Development' started by aeliodon, May 1, 2007.

  1. A fantastic trio to trade, but I can't figure this out: If the NQ moves one tick or one point, how much can't you expect the QQQQ and QID to move?
     
  2. Edited restatement of the question:


    A fantastic trio to trade, but I can't figure this out: If the NQ moves one tick or one point, how much should you expect the QQQQ and QID to move?
     
  3. Hint: think in percentages.....
     
  4. artes

    artes

  5. Some one told me that one tick on the NQ equals 3 pennies on the QQQQ's. I believe him to be a reliable source, but I don't know for sure myself.

    How many shares of the QQQQ's does one NQ contract equal?
     
  6. BENG

    BENG

    They are different products... can't be compared like that. However, they are being arbitraged constantly, you can easily reverse engineer to get the answer.



    It can easily be done by taking the high and low of QQQQ and NQ between 9:30 to 4:00 (not 4:15).

    Last week, I had the same question on ES and SPY.

    SPY intraday range: $1.5
    ES 9:30 to 4:00 range: 15pt

    $1.5 : 15pt => $0.1 : 1pt

    1pt = 4 ticks => $0.1/4 => 1 tick = $0.025



    Now, can anyone tell me the ratio between NQ and QQQQ?
     
  7. artes

    artes

    This is an other contract (vs CME E-mini NASDAQ Composite Index Futures)

    CME NASDAQ-100 Futures
    ---------------------------------
    Trade Unit $100 times the NASDAQ-100 Index
    Point Descriptions .01 per index point = $1.00 per contract
    Contract Listing Three months in the March Quarterly cycle.
    Strike Price Interval N/A
    Product Code Ticker=ND
    Clearing=ND

    source : http://www.cme.com/trading/prd/equity/emini-nasdaq-comp_FCS.html