Excluding commission, exchange fees, etc, how much would this trade be. I am looking at an option on ESZ6 (mini-S&P dec future). The list price for the option is 35. When I looked it up, it stated that one option contract covers on future contract. Would I be paying $35 for this option contract, or is the a mulitplier like stock options?
2006-09-13 15:34:08 · 3 answers · asked by largebones2004 2 in Business & Finance ➔ Investing
Looks like you have the mini-S&P.
In futures, you don't necessarily pay for the trade up front. They hold money in margin during the trade. Most places will hold approx $1000 give or take. Each point that the S&P 500 moves is worth $0.50 total. So when you sell, the difference plus or minus your commissions will come out of your account.
Now for a futures option, I'd have to check, but the rate is again per share, so it's either $35 x 50 or $35 x 100.
2006-09-16 11:43:27 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
$35
2006-09-13 22:49:02 · answer #2 · answered by Ted 4 · 0⤊ 1⤋
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2006-09-13 23:16:28 · answer #3 · answered by netnew 7 · 0⤊ 1⤋