Options Wonderland

[yayaa]

Game,Futures vs. Options? Futures trade much differntly than options. In futures there is a "Rollover date" usually every 3 months where one contract rolls into the next. I have never held a futures contract past the rollover date. If the rollover date every gets close I would simply Sell or (Buy if I was short) if I wanted to continue with the trade. Unlike options where you know your total risk upon entry a futures contract has virtually no limit up or down. Here is an example using a ZG futures contact(Gold). My last VERY PROFITABLE futures trade BTW.

ZG futures trade in ticks of .10 with each tick worth $10. Therefore each full point up or down your position in ZG's would be worth $100/contract held. YM's are worth $5/point. ES is worth $50/point, NS is worth $20/point. There are MANY other markets in the futures you can trade.(E-Minis I'm talking).

YM = Dow
ES = S&P 500
NQ = Nasdaq, Basically. Anyway thats how I understand it all to work however I am by no means an expert However I have had an UNBELIEVABLE START to 08! It's GREAT in 08!!!!!!!!!!!!


BTW I HAVE FRIENDS IN LOW PLACES!!!!!!!!!!!!!!!!!!