Toni Hansen's Introdution to EMini Trading

Not since the explosive moves in the 1970s grain markets and the introduction of financial futures in the early 1980s has there been a more exciting and opportunity-laden moment in history to trade actively in the futures markets. The world is starting to move from pit to PC, and just as in the phenomenal period of the 1970s and early 1980s, the traders who have the vision to see this unique opportunity stand to profit exponentially from it.

 Learn more at http://www.swingtrader.net.

The fastest growing aspect of the futures markets are the innovative Electronic Miniature (E-mini and Mini-sized Dow) contracts. The Chicago Mercantile Exchange’s Emini S&P 500 and Emini Nasdaq 100 futures and the Chicago Board of Trade’s Mini-sized Dow Futures are electronically traded, smaller versions of the institutional sized index products listed at each exchange. They trade 24 hours a day in a 100% electronic environment. Due to the contracts smaller sizes and the convenience of 100% electronic execution trading in the Emini class of futures contracts represents one of the best opportunities available right now to the average trader.

Astute traders who just a few years ago likely would have become an equities trader are now also exploring the opportunities to profit offered in the Emini Futures contracts. With the available margin, ease of risk control and access to the most liquid markets in the world. Traded from your PC rather then the pit, this truly represents a win/win situation for today's trader. The best and brightest are starting to realize that the Emini Futures contracts offers potential that will accommodate the style of most online traders.

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E-MINI S&P 500 (ES)

The E-mini S&P 500® futures and options on futures from Chicago Mercantile Exchange are small but powerful contracts for the individual investor. These contracts are based on the same leading S&P 500 index as the most actively traded stock index contract in the world – S&P 500 futures – but are a fraction of the size. The mini enables you to participate in and profit from the benchmark index tracked by pension and mutual funds around the country.


Ticker Symbol ES
AON: EG
Contract Size $50 times E-mini S&P 500 futures price
Price Limits 5%, 10%, 15% and 20%
Minimum Price Fluctuation (Tick) 0.25 index points = $12.50 per contract (Futures calendar spreads: .05 index points = $2.50 per contract)
Contract Months March (H), June (M), September (U), December (Z)
Regular Trading Hours (Central Time) Virtually 24 hours per day (from 5:30 p.m. Sunday to 3:15 p.m. Friday)
Last Trading Day Trading can occur up to 8:30 a.m. (Chicago Time) on the third Friday of the contract month
Final Settlement Date The third Friday of the contract month
Position Limits Position limits work in conjunction with existing S&P 500 position limits



NASDAQ 100

The NASDAQ-100 Index comprises 100 of the largest domestic, non-financial common stocks listed on the NASDAQ Stock Market. Created in 1985, this index is owned and maintained by the NASDAQ Stock Market. The NASDAQ-100 index is rebalanced quarterly and has a modified capitalization weighting to ensure a more diversified index.

E-MINI NASDAQ 100 (NQ)

The U.S. economy is being transformed by exciting technological changes and advancements in science and industry. Many of the leading companies involved in this process are a part of the NASDAQ-100 Index®. CME offers an E-mini version of the NASDAQ-100 futures at one-fifth the size of the original NASDAQ-100 futures, making these exciting contracts affordable for all investors.

Ticker Symbol NQ
AON: NV
Contract Size $20 times E-mini NASDAQ-100 futures price.
Price Limits 5%, 10%, 15% and 20%
Minimum Price Fluctuation (Tick) 0.25 index points = $5 per contract (Futures calendar spreads: .05 index points = $1 per contract)
Contract Months March (H), June (M), September (U), December (Z)
Regular Trading Hours (Central Time) Virtually 24 hours per day (from 5:30 p.m. Sunday to 3:15 p.m. Friday)
Last Trading Day Trading can occur up to 8:30 a.m. (Chicago Time) on the third Friday of the contract month
Final Settlement Date The third Friday of the contract month
Position Limits Position limits work in conjunction with existing NASDAQ-100 position limits.



MINI-SIZED DOW (YM)

The Mini-Sized Dow® futures contract, traded on the Chicago Board of Trade (now the CME Groups), is based on the Dow Jones Industrial Average (DJIA), which is the most widely recognized stock index in the world.


Ticker Symbol YM
Contract Size

Five dollars ($5) times the Dow Jones Industrial Average Index.  The DJIA is a price-weighted index of thirty (30) stocks.

Minimum Price Fluctuation (Tick) 1 index point = $5.00 per contract
Contract Months March (H), June (M), September (U), December (Z)
Regular Trading Hours (Central Time)

6:15 p.m. to 4:00 p.m. Central Time, Sunday – Friday. Trading in expiring contracts ceases at 3:15 p.m. Central Time on the last trading day

Last Trading Day

The trading day preceding the final settlement day.

Final Settlement Date The third Friday of the contract month
Fungibility

BIG Dow futures ($25 multiplier), mini-sized Dow futures ($5 multiplier), and DJIA futures ($10 multiplier) are fungible contracts.

Position Limits

The aggregate position limit in BIG Dow futures ($25 multiplier), mini-sized futures and options ($5 multiplier), and DJIA futures and options ($10 multiplier) is 50,000 DJIA futures ($10 multiplier) equivalent contracts, net long or short in all contract months combined.




E-MINI RUSSELL 2000 (ER2)

The E-mini Russell 2000® futures and options on futures from Chicago Mercantile Exchange are quickly becoming an extremely popular contract for futures traders. 


Ticker Symbol ER2
Contract Size $100 times the Russell 2000 index price
Price Limits 5%, 10%, 15% and 20%
Minimum Price Fluctuation (Tick) 0.10=$10.00
Contract Months March (H), June (M), September (U), December (Z)
Regular Trading Hours (Central Time) Mon/Thurs 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m.; Shutdown period from 4:30 p.m. to 5:00 p.m. nightly; Sun & Hol 5:00 p.m.-3:15 p.m



 

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