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e mini Day Trading Definition

The e mini day trading contract is a 'baby' version of the full S&P 500 contract. It was created to allow participation by smaller players, as it is approximately only one fifth the size of the full contract. What this means is that every point movement on the e mini day trading contract is worth $50, instead of $250. Obviously, this opens up the S&P to a far wider segment of the trading population, as much smaller margins are required than for the full contract, and much greater 'granularity' is achievable. Instead of hunting for a day trading stock pick, you can focus on a single instrument.


e mini Day Trading contract

If you intend to try e mini day trading, you should be aware of the contract specifications.

  • Ticker Symbol ES / AON: EG
  • Contract Size $50 times E-mini S&P 500 futures price
  • Price Limits 5%, 10%, 15% and 20%
  • Minimum Price Fluctuation (Tick) .25 index points = $12.50 per contract (Futures calendar spreads: .05 index points = $2.50 per contract)
  • Contract Months Mar, Jun, Sep, Dec
  • Regular Trading Hours (Central Time) Virtually 24 hours per day (from 5:30 p.m. Sunday to 3:15 p.m. Friday)
  • Last Trading Day Trading can occur up to 8:30 a.m. (Chicago Time) on the third Friday of the contract month
  • Final Settlement Date The third Friday of the contract month
  • Position Limits work in conjunction with existing S&P 500 position limits



e mini Day Trading with the Cam Eq

Will the Camarilla {b} Equation and the SureFireThing Camarilla Equation work with the e mini? Yes. The same principles apply, although the e mini has a tendency to 'lead ' the big contract. In fact, it is rumoured that there are pit traders in Chicago who make a living arbitraging the tiny difference between the full contract and the e mini.


e mini Day Trading data

Generally, using the big contract end of day figures (available from the Free Day Trading Quotes page) works just fine, although if you want actual e mini day trading end of day numbers for any of the current contracts, your best place to find them is the CME.

Email us if you have difficulty getting this information, as there are a number of places available on the web that summarise useful information of this type.

Given that the same principles apply, what are you waiting for? Let's trade!!!