EMini SP500/NDX futures (ES/NQ)簡介

EMini SP500/NDX futures (ES/NQ) 簡介

Multipler:

ES = 50*SP500
NQ = 20*NDX

Tick: 0.25

可交易對象:
當前季度和下一季度 ( H, M, U, Z ) 指數期貨。

交易時間 :
1) 正常交易時間段在 ET9:30am–ET4:15pm. 一個交易日的結束時間算在 ET4:15pm.
2) 周一到周四 : ET4:30pm-ET5:30pm, ET6:00pm 重新開始。也就是說在 ET4:15pm-ET4:30pm 和 ET5:30pm–ET6:00pm 兩個時間段停止交易。一個交易日的開始時間算在 ET4:30pm.
3) 假日和星期日當日從 ET 6:00pm 開始。

指數期貨的麵值計算：

Fair Value = cash [1+r (x/360)] – Dividends
舉例：

Sept S&P 500 futures price	1157.00 pts
S&P 500 cash index	1146.00 pts
Interest rate	5.7%
Dividends to expiration of futures	3.47 pts
(converted to S&P points)
Days to expiration of Dec. futures	78 days
Fair Value of futures =	Cash [1+r (x/360)] - Dividends
	= 1146 [1+.057 (78/360)] - 3.47
	1156.68
Amount of futures overpricing =	1157.00 - 1156.68
	.32 pts
Dividend Yield Calculation
S&P 500 dividend yield =	1.40%
Conversion to S&P points =	1146.00 x .0140
	= 16 pts per year (78/360)

Mini S&P 500 -- The E-Mini
Futures & Options Contract Highlights

	Mini S&P 500 Futures	Mini S&P 500 Options on Futures
Ticker Symbol	ES	Calls: ES Puts: ES
Contract Size	$50 x Index	One Mini S&P 500 futures Contract
Tick Size	.25 index points ($12.50 per contract)	.25 index points ($12.50 per contract)
Trading Hours	24-hour trading, except 3:15 p.m. - 3:45 p.m. Monday - Thursday 3:15 p.m. Friday - 5:30 p.m. Sunday
Contract Months	March, June, September, December	All 12 Calendar months (The underlying instrument for the three monthly option expirations within a quarter is the quarter-end futures contract.)
Last Day of Trading	Trading can occur up to 8:30 a.m. (Chicago Time) on the third Friday of the contract month	March, June, September, December: Same date as underlying futures contract Other eight months: The third friday of the contract month
Strike Intervals	Not Applicable	5-point intervals for two nearest contracts, 10-point intervals for deferred months