ACE E-Mini S&P - August 12, 2019

Below is an illustration trading futures options on E-Mini S&P.  Our post shows bullish and bearish positions using a combination of call and put options.


Trade Options on Futures

E-Mini S&P * Directional & Neutral Positions

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Volatility

es vol

Notes:

Contract Size - $50 x S&P 500 Index.

Tick Size:  Outright: 0.25 index points=$12.50

Trading Hours: CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with  trading halt 4:15 p.m. - 4:30 p.m.

* Tip: Click here to read a helpful tip about E-Mini S&P futures and options


E-Mini S&P

Below are charts for reference.  

es monthly

es weekly

es daily

es 4hr

* Tip: Click here on enlarging images


Strategies

The % yield shown in the diagram below represent an estimated return on margin from projected dates shown.

Butterfly

The position below begins with a flat T+0 line covering a wide range of prices being delta neutral. It earns positive time decay and has negative Vega where if the market rebounds to the upside will earn an attractive return and benefit from a decline in implied volatility. If the market moved to extremes in the range, the position could be adjusted by layering additional spreads.

es bfly

The image below includes additional time lines into September if the position were held.

es bfly 2

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