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The JY M (June) 2004 closed Friday at $93.890 at the CME. A contract
is for 12,500,000 Japanese Yen. A one point move is $12.50 which
extrapolates out to a $1 = $1,250.
You can get information on any contract by doing a Google search. You
will generally get the exchange which lists the contract.
Jay
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----- Original Message -----
From: <A
title=mailto:adet@xxxxxxxxxxxxxxxxxxxxxxxxxxx
href="">on mobile
To: <A
title=mailto:Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxx
Sent: Saturday, March 20, 2004 10:34
PM
Subject: Re: [Metastockusers] Futures /
Options comparison
A contract will be 100 units-----Original
Message-----From: <<A title=mailto:uhehs@xxxxxxxx
href="">uhehs@xxxxxxxx>Date: Thu, 18 Mar 2004
16:28:40 To:<<A title=mailto:Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxx>Subject:
RE: [Metastockusers] Futures / Options comparisonSo wait, I have a
current quote on YM M4 as 10,296.Can you explain the logistics of how
it cost per contract, etc.I assume $10,296 per contract?
How about buying the minis?-----Original Message-----From:
Jay T [mailto:JaysTownsend@xxxxxxx] Sent: Thursday, March 18, 2004 3:48
PMTo: Metastockusers@xxxxxxxxxxxxxxxSubject: Re: [Metastockusers]
Futures / Options comparisonA future contract is an
option/contract to buy or sell. An option on a future is an option on an
option.Theoretically the price of a future contract is
the current cash price, plus any storage cost (for hard futures) through to
expiration, plus any interest charges that would be incurred if you had to
borrow money to purchase the futures contract through to expiration.
Some folks trade solely on the disparity between this theory and the price
difference in the markets - a future to current price
arbitrage.You can buy a June, September or December
contract based on your predictions. For hard commodities if you carry
the contract through to the expiration date you take delivery of the goods
(box car full of wheat on a wheat contract, for example). That isn't as bad as
it sounds - they don't deliver it to your front door. For financial
futures you get your account credited or debited the difference in the value
of the contract at the time of expiration vs. what you paid for it. In
financials it's really 'legal' Las Vegas time, in hard goods it's delivery
time.Jay----- Original Message -----
From: uhehs@xxxxxxxx To: Equismetastock@xxxxxxxxxxxxxx
; Metastockusers@xxxxxxxxxxxxxx ; Sunday_Traders@xxxxxxxxxxxxxx
Sent: Thursday, March 18, 2004 10:09 AMSubject:
[Metastockusers] Futures / Options comparisonAs a rookie
on the Futures scene:Do futures have a diminishing time value
component like stock options do?Am I able to buy and series I
want? EX: Can I buy out to June, September or December based on my
predictions?Yahoo! Groups Sponsor
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