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Trading the miNY and mini Metal contracts....
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Trading the miNY and mini Metal contracts....

  #1 (permalink)
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Trading the miNY and mini Metal contracts....

I have been going over the different contracts that can be traded on the Metals ( those on the CME/NYMEX and I.C.E. exchange )

My question is.... does anyone trade any of the futures contracts aside from .... GC for gold and SI for silver

I went on both the CME and I.C.E. exchange websites, to look at the Volume and Open Interest of the regular contracts, as well as the ( miNY, mini and micro ) contracts

From my analysis :
Gold..... QO ( miNY ) contract = Volume of 103
MGC ( micro ) contract = volume of 701
YG (mini and on I.C.E exchange ) contract = volume of 2
ZG ( 100 oz. I.C.E. exchange ) = volume of 0


Silver...... QI ( miNY ) = volume of 23
YI ( mini and on I.C.E. exchange ) = volume of 225
ZI ( 5000 oz. and on the I.C.E. exchange ) = volume of 0

Clearly , all of this contracts have far less volume than the big ones .... GC and SI

My question comes down to ..... has anyone traded / still trades any of the formentioned contracts ?

I'm looking mainly, for a way in which I can day trade silver for around $500 intra-day margin ( and on a contract that has good daily Volume and Open Interest )

Lastly ,
which is more Important when Day Trading any of the Futures contracts ..... Volume or Open Interest ?
And what is the bare minimum number for both Volume and Open Interest that you want to see , to trade any of the Futures ..... to make sure there's enough liquidity and participation for that contract ?

Thanks for the help - Michael




Is there a recommended and safe number of Volume and or Open interest you want to stay away from
and which has more weight ..... the Volume number or the Open Interest

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  #3 (permalink)
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MiNY and Micro



mdsvtr View Post
I have been going over the different contracts that can be traded on the Metals ( those on the CME/NYMEX and I.C.E. exchange )

My question is.... does anyone trade any of the futures contracts aside from .... GC for gold and SI for silver

I went on both the CME and I.C.E. exchange websites, to look at the Volume and Open Interest of the regular contracts, as well as the ( miNY, mini and micro ) contracts

From my analysis :
Gold..... QO ( miNY ) contract = Volume of 103
MGC ( micro ) contract = volume of 701
YG (mini and on I.C.E exchange ) contract = volume of 2
ZG ( 100 oz. I.C.E. exchange ) = volume of 0


Silver...... QI ( miNY ) = volume of 23
YI ( mini and on I.C.E. exchange ) = volume of 225



ZI ( 5000 oz. and on the I.C.E. exchange ) = volume of 0

Clearly , all of this contracts have far less volume than the big ones .... GC and SI

My question comes down to ..... has anyone traded / still trades any of the formentioned contracts ?

I'm looking mainly, for a way in which I can day trade silver for around $500 intra-day margin ( and on a contract that has good daily Volume and Open Interest )

Lastly ,
which is more Important when Day Trading any of the Futures contracts ..... Volume or Open Interest ?
And what is the bare minimum number for both Volume and Open Interest that you want to see , to trade any of the Futures ..... to make sure there's enough liquidity and participation for that contract ?

Thanks for the help - Michael




Is there a recommended and safe number of Volume and or Open interest you want to stay away from
and which has more weight ..... the Volume number or the Open Interest

There is a thread here that discusses this. Search e micro Gold and you should be able to find it. I learned from that board to stay away from the MiNY, too thinly traded. However, the e micro Gold, has better liquidity, and I believe the initial margin is only $400.00


Last edited by e4williams; June 25th, 2015 at 03:07 PM. Reason: mis type
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  #4 (permalink)
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Hi e4williams,
I found the thread

Thanks for posting

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