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tick math

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  #1 (permalink)
New York City, NY/USA
 
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Please confirm the following tick moves/counts and the associated gain/loss

ES contract
from 1426.25 to 1436.25 is 40 ticks = 40*12.5=$500.00 gain/loss
ZN contract
from 132'240 to 133'240 is 32 ticks = 32*15.625=$500 gain/loss
GC contract
from 1731.8 to 1729.8 is 20 ticks = 20*10=$200 gain/loss
6E contract
from 1.2909 to 1.2839 is 70 ticks = 70*10=$700 gain/loss

mt

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  #3 (permalink)
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6E is 12.5$ per tick if i am not mistaken

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  #4 (permalink)
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yes that is correct but are the specified tick moves done correctly?

Like in the ZN example, the 32 tick, is that really 132'240 to 133'240 or is it 64 ticks.
would it be 32 * 15.625 or
would it be 64 * 15.625?


gp

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64 :-)

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  #6 (permalink)
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thanks...last one

GC contract
is a move from 1731.8 to 1729.8 20 ticks?

gp

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  #7 (permalink)
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check this out

PFGBEST | Tools

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  #8 (permalink)
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You can also have a look at the specifications of the contract.
For instance, for gold at CME: Gold
It indicates the tick size.

Nicolas

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Nicolas11 View Post
You can also have a look at the specifications of the contract.
For instance, for gold at CME: Gold
It indicates the tick size.

Nicolas

This is the only legitimate source that I would consider.

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  #10 (permalink)
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Yeah.

1. Let's see if we can understand the specifications for Gold...



"Price Quotation = U.S. Dollars and Cents per troy ounce" means that an increase of 1.0 of GC price is an increase of $1 of the price of troy ounce
Since, "Minimum Fluctuation = $0.10 per troy ounce", we can conclude that a tick is an increment of 0.1 in GC price
1 tick = 0.1 of GC point

What is its value?
1 tick = $0.10 per troy ounce
A full contract = 100 troy ounces
So 1 tick = $10

2. For ZN... ( specifications)



The tick is directly given by the specifications: "One-half of one thirty-second (1/32) of one point".
1 tick = 0.5 * 1/32 of ZN point

What is its value in $?
Directly given by the specifications: 1 tick = $15.625

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