Discussion in 'Trading' started by matador04, Jan 5, 2008.
Heard the term a few times, but never inquired on its meaning.
Handle = Car = Full point
eg. eminin SP 4 ticks = 1 Full Point = 1 Car = 1 Handle
CAR = Contract
1 Handle = 4 ES ticks = 10 SP ticks
I believe that is correct. The meaning of point is often ambiguous, and ambiguity is usually bad. Some people mean 1.0 (a handle), and some people mean 0.01 (a basis point).
I think the term car, denoting a contract, comes from the fact that most ag contracts fill one [train] carload.
My bad, it's the weekend
Indeed, car = contract
SPX closed at 1411.63 on 1/5/08.
So 100 handles below the index is 1410.63?
A hundred handles lower I would think means 1311.63.
SPX is the S&P CASH index, and 100 handles lower is indeed 1311.63.
SP or ES is the tradeable index and closed @1422.20/1422.50 respectively, just to further confuse you!
ES is the E mini, SP is the larger brethren, right? ...this is what happens when you spend too much time trading options and not enough futures
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