WDIS Futures: Fourth Generation

The Beginning

| Jun 6, 2017
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    WDIS Futures: Fourth Generation

    The Beginning

    Jun 6, 2017

    Starting off their WDIS futures segment father Pete and Son Christian discuss the basics of futures. Their discussion encompasses futures contract origins and contract size. Futures contract size vary from product to product. Agricultural futures such as corn have a contract size of 5000 bushels whereas in the metals gold has a contract size of 100 ounces. Futures contracts although varying in size are executed with the same principle of having the right to buy and sell a contract at a future date. Chris provides a useful spread sheet to calculate notional value and future range.

    Notional and Expected Range Calculator

    GOLD Contract Specs

    • Symbol: /GC
    • Contract Size:100 TROY OZ
    • Delta: 100
    • Minimum Tick: $0.10
    • Tick Value: $10.00
    • Expiration: February, April, June, August, October December

    CRUDE OIL Contract Specs

    • Symbol: /CL
    • Contract Size: 1000 BARRELS
    • Delta: 1000
    • Minimum Tick: $0.10
    • Tick Value: $10.00
    • Expiration: MONTHLY

    CORN Contract Specs

    • Symbol: /ZC
    • Contract Size: 5,000 BUSHELS
    • Delta: 50
    • Minimum Tick: $0.25
    • Tick Value: $12.50
    • Expiration: March, May, July, September, December

    EURO Contract Specs

    • Symbol: /6E
    • Contract Size: 125,000 EUROFX
    • Delta: 125000
    • Minimum Tick: $0.00005
    • Tick Value: $6.25
    • Expiration: March, June, September, December

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