Trying to figure out profits on CME NASDAQ-100 trade

Discussion in 'Index Futures' started by billpritjr, Aug 10, 2006.

  1. I guess I am a moron or just need more sleep. Can someone help me with this:

    Trader Jim buys 3 CME Nasdaq 100 contracts in March 2003 at 1100.

    He holds them until April 2004, selling them at 1450.

    What (dollar amount) did Jim make?

    My math is


    Tick size = 0.50, which is $50.00 per contract.

    350/.50 = 700. 700 X $50 = 35,000

    35,000 X 3 contracts = 105,000

    $105,000 profit. Is this correct? It seems low to me, maybe I am not figuring the math correct.
  2. Surdo


    350pts X $20/Point X 3 Contracts = $21,000

    Minus commission, and rollover costs.

    NQ = $20/point
  3. Pabst


    The pit traded contract (ND) is 5x NQ. Thus $105,000 is the correct amount if we're talking ND rather than NQ.
  4. Surdo


    I am just a mini kinda guy!
    In that case the OP is indeed correct.
  5. a secondary question would be, say I want to deploy $60,000 towards trading NASDAQ futures. Buy 3 full size NASDAQ-100's or buy 16 E-Mini contracts?

    which is more bang for buck?
  6. that's the wrong question