Notes on Reading futures contract price quote tables

(Last Updated On: July 5, 2015)

Notes on Reading futures contract price quote tables

The closing price is what is used by the clearinghouse to adjust all open positions to at the end of the trading day.
Open interest is the number of open outstanding positions of not been liquidated yet. If I buy today and the short one position to reverse position, you have a trader sells a position who was long, Both are getting out the trade so open interest will fall.Open interest will rise before expiry has to go back to zero.
For pricing on tbond December 03 contract up 111_10 size of the contract is $100,000 The points are 32% of 100% in the contract with trade at par. This is a deliverable contract. If you look at the exchange you’ll find it could have a 15 year maturity with 6% interest. If the long-term interest rates are below 6% it will trade above par. The long-term interest rate is at 6% trade at exactly 100%. There is an indirect relationship between interest rates and bonds. When you look at the 111_10 the point of each 10th is worth $31.25. 31.25 x 32 is equal to $1000. The 111_10 is an interest-rate of par so what is trading above par value since interest rates are below 6%. The 111 is the percent of par since interest rates are below 6%, so it could be at 100 if it was at exactly 6% . It really is a percentage.so the 111_10 is really $111,000 +31.25x10equaling $111,312 which is the value of this contract.

If you see the change of -24 or 24÷32 which equals $750. That changes from the previous day close.

Some participants will do a market squeeze to spike the price if there’s not enough inventory physically to meet demand with the future is about to expire.

Euros per US dollars $125,000 in euro per contract. This is priced US dollar per euro.most currencies are listed Price of foreign-currency against the US dollar. So you could have The euro at 117 open settle that 116.67 so it went down. So that is €116 times the size of the contract of 125000 this will give you a total value of $1.16 per euro times €125,000 equals $145,000. This is the approximate value of the contract. Because it is dollars per euro, if a dollar get stronger that price will fall.

For index futures The S&P has minis. It’s a $250 times the index which could be slightly above the index, if it settles at 109.60 the s&p size of the comtract is slightly higher than 1000. Contract could be 250 times thousand which makes the contract value of $250,000. Small price changes can wipe you out. The mini is only 50 times the index. Is 1/5 of the value which makes the contract $50,000. The Dow is 10 times the size of the contract which makes it $100,000. The change of the index is only in increments of $10.

For Eurodollar as a face value 1 million and the price quotes are in 1/100 cents. Price quotes are 100 minus interest rate. If the price settle is at 9.986 then will be 1.14 becomes yield. 98.86 equals 100-1.14. Each point of the yield is worth $25
If movement of 1.24-1.14=10 pts x $25 =$250 for profit or loss

Join my FREE newsletter if you’re interested in automate your trading for futures and options 

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
This entry was posted in Stock News and Tips and tagged , , , , , on by .

About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs