How do you read futures symbols?

How do you read futures symbols?

The way that futures contracts are labeled is first by the symbol of the contract, then the symbol for what month the contract expires, and finally the year in which the contract expires.

What is the current Emini contract symbol?

S&P 500 Options The mini has a ticker symbol of XSP with a multiplier that is one-tenth the SPX. S&P 500 options contracts are also cash-settled.

How do you identify futures?

Futures are identified by their expiration month. For example, a December gold futures contract expires in December. The buyer of a futures contract, on the other hand, is obligated to take possession of the underlying commodity (or the cash equivalent) at the time of expiration and not any time before.

How do you remember futures month codes?

To name a specific contract in a financial futures market, the month code will follow the contract code, and in turn be followed by the year. For example, CLZ3 is the December 2023 NYMEX crude oil contract. CL denotes crude oil (crude light), Z corresponds to the December delivery month, and 3 refers to 2023.

What is the symbol for gold futures?

Gold Dec ’21 (GCZ21)

Barchart Symbol GC
Exchange Symbol GC
Contract Gold 100-oz
Exchange COMEX
Tick Size 0.10 (10 cents) per troy ounce ($10.00 per contract)

How much do ES futures contracts cost?

S&P 500 E-minis have become the primary futures trading vehicle for the S&P 500, dwarfing volume in the standard S&P 500 futures contracts. The price of the E-mini is calculated as $50 multiplied by the current S&P 500 index cash value, and the tick size is $12.50.

How much money do you need to trade Emini futures?

E-mini futures, especially the E-mini S&P 500 futures (ES) typically have the lowest day trading margins, $500 with some brokers. 4 That means the trader only needs $500 in the account (plus room for price fluctuations) to buy/sell one E-mini S&P 500 contract.

Can I sell futures on same day?

Day trading is the strategy of buying and selling a futures contract within the same day without holding open long or short positions overnight. Day trades vary in duration. They can last for a couple of minutes or for most of a trading session.

What month is H in futures?

Contract Month Codes

Month Month Code
March H
April J
May K
June M

What is the current gold futures contract?

Gold Dec ’21 (GCZ21)

Barchart Symbol GC
Contract Gold 100-oz
Exchange COMEX
Tick Size 0.10 (10 cents) per troy ounce ($10.00 per contract)
Margin/Maintenance $9,075/8,250

What do the symbols on futures contracts mean?

In the world of trading futures there are many different letters and symbols that correspond to different futures contracts, months of expiry, and exchanges which are denoted in the following graphics. Below you can find the symbols associated with each month of expiry for future contracts.

What are the symbols for Euro FX futures?

Some symbols will contain numbers in the core like currency futures. The Euro FX futures contract is 6E. Micro Futures are relatively new futures markets category. They represent an existing market only with a smaller contract size. Micro futures have an M in front of the classic symbol.

What are the symbols for the CME futures contract?

Futures Contract Symbols. 1 0.01 $1000 BP British Pound CME H,M,U,Z. 2 0.01 $625 CD Canadian Dollar CME H,M,U,Z. 3 0.01 1000 DX US Dollar Index ICE H,M,U,Z. 4 0.01 1000 EU EuroFx CME H,M,U,Z. 5 0.01 1250 JY Japanese Yen CME H,M,U,Z.

What are the characteristics of a futures market?

Markets have the following characteristics: Core Symbol, Contract Month and Contract Year. Core Symbols are unique to the market. Here is a list of some of the liquid markets offered by the CME Group. The second element of a market symbol is the contract month. All CME Group futures markets have several contract months.