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a_charting_god

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a_charting_god

Re: mainuh post# 6

Wednesday, 07/09/2008 5:16:00 PM

Wednesday, July 09, 2008 5:16:00 PM

Post# of 32
Contract Specifications: for december soybean oil

Symbol - ZL
Name - Soybean Oil (E)
Exchange - CBOT
Trading Months - F,H,K,N,Q,U,V,Z
Trading Unit - 60,000 lbs
Tick Size - 0.0001 cent per lb. ($6 per contract)
Daily Limit - 25 cent per lb. ($1,500 per contract)
Trading Hours - 6:00p.m. - 6:00a.m. and 9:30a.m. - 1:15p.m. CST
Last Trading Day - The business day prior to the 15th calendar day of the contract month
Value of one futures unit - $600
Value of one options unit - $600



its $6.535 a pound for decembers contract as of the close today

the contract value at that price is $ 392,100.00

margin for that contract is between 5-10% of that on average

DISCLAIMER: I AM A SERIES 3 LICENSED BROKER

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