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Michelle: Any futures brokerage worth its salt can give you a spec sheet
with the standard per point conversions. In your example, the range is
163 points which would be multiplied by $6. This equals $978. There is no
need to use the contract amount (in this case 60,000 lbs.) You can also get
the multiplier for each contract by going online using Google. After a
while you will memorize the common ones.
Regards, Jack.
----- Original Message -----
From: "Harrison Cai" <Harrison@xxxxxxxxxxxxxxxxxxxxxxx>
To: <trader_gurl@xxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Tuesday, February 21, 2006 10:42 PM
Subject: Re: Switch Hitting: (Commodities Calculator, needed)
> Hi Michelle,
>
> Do you use TradeStation for your trading? If so, you can get some of
> the info quickly from
> Format Symbol ... Properties tab. For example,
>
> US Bond
> Price Scale 1/32
> Min Move: 1.00
> BigPointValue = 1000.00
> That means: one tick = Min Move x Price Scale = 1 x 1/32 = 1/32 of big
> point
> Dollar value of each tick would be = one tick x BigPointValue = 1/32 x
> $1000.00 = $31.25
>
> Caution: Price Scale number shown on the symbol properties is the
> inverse of the EasyLanguage reserved word PriceScale.
>
> See if this helps.
>
> Harrison
>
>
> Michelle wrote:
>
> > As some of you know, I trade primarily Forex. I,
> > however, am spotting some opportunities in
> > Commodities. Yet, unfamiliar with the costs per
> > contract, and all the very little details that are so
> > important, would someone out there have a commodities
> > / futures calculator, so I can easily and quickly
> > calculate a contracts move, in dollar terms?
> >
> > For instance, I see an opportunity in US bonds. I
> > don't think in 1/32nds, or what have you. I see
> > another opportunity in Soybean Oil, and looking at the
> > margin sheet, trying to calculate it manually is
> > bogus. I already made a mistake (I am sure of it).
> >
> > So, that being said, if you have something in EXCEL
> > you think would be useful for me to look at, you are
> > welcome to reply, and feel free to include anything as
> > an attachment to me.
> >
> > I'd prefer an actual "calculator", not one online.
> >
> > I'll give you an example of one I used online, I
> > plugged in the weekly range of a week of Soybeal Oil,
> > and the range was: 21.76-23.39. Are you with me? And
> > it told me, that weekly range, equals: $97,800.
> >
> > For one lot? That has got to be a mistake! ! And if
> > not a mistake, I would want to ask someone on this
> > list for a tool so I can make sure I know what I am
> > doing in regards to risk exposure.
> >
> > Thank you!
> >
> > Michelle
> >
> >
> >
>
>
>
> --
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>
>
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