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# Ticks, points - what am I missing??

Discussion in 'Index Futures' started by trader56, Nov 21, 2007.

Ok, it's late and I'll admit this is a dumb question, but my brain just doesn't seem to be getting this one. (Hopefully, I' ll wake up tomorrow and slap my forehead for being so thick right now!)

1 tick = .05 points
So, 20 ticks = 1.00 points
At \$25 per tick, this is \$500 per point, right?

Now, todays' daily range for the S&P 500 Index was 1419.28 to 1452.64. This is 33.36 POINTS, right?

So, the dollar value of this range is:
\$500 per point X 33.36 points = \$16,680, right?

Thanks,
T

2. ### brownsfan019

The ES, which is the e-mini contract, trades in .25 increments @ \$12.50/tick and there are 4 ticks in 1 point. One point equals \$50.

If you are talking about the pit contract, no idea so sorry if this is not what you were looking for.

Ok, I'm reading West of Wall Streeet by Barry Haigh (again), and also Live the Dream by Gary Smith.

In Gary's book, the S&P (early 90's ) was in the 400's apparently. He talks about a "200 point stop," BUT when I look at the chart examples, that "200 points" is price going from, say, 400.00 to 402.00.

So technically, this is 2 points, or 40 ticks, but he's CALLING IT 200 "points."

This sound right?

Can yuo give me a similar example for the e-mini using these numbers where price is going from 400.00 to 402.00?
With the e-mini, this would then be a move of \$100 (\$50 per point), right?

Thanks again,
T

4. ### The Swordsman

400.00 to 402.00 is a two point gain for you, or \$100 per contract. A 20 lot trade long from 400.00 and covered at 402.00 would be a \$2000 trade for you.