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Emini - Cash Settlement Question

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Trading Experience: Intermediate
Platform: Ninja/TradeStation/TOS
Broker/Data: Tradestation, AMP
Favorite Futures: YM
desitrader's Avatar
Posts: 27 since Oct 2011
Thanks: 15 given, 22 received

Emini - Cash Settlement Question

Hi Traders,

I never had a open position in futures after market or over weekend until now.

Appreciate if someone can explain below:
1) Short 1 Emini YM @ 25800 on 01/12/18
2) Settlement price on 01/12/18 close is 25801
3) So (25800-25801)*$5 = -$5 is taken our of my account to settle for day.

When market opens on Monday evening (01/15), lets say if i am able to cover my short at 25790 during the day.
My question is, will my profit be calculated from:
(a) initial trade position open price (25800) to position close price (25790) ? (i.e. 10 ticks?)
(b) previous day settlement price (25801) to position close price (25790) ? (i.e. 11 ticks?)

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