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Strategies & Market Trends : The Thread II

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To: farkarooski who wrote (7420)11/6/2002 8:05:19 PM
From: gypsees  Read Replies (1) of 9026
 
Here's a blurb from a Forbes article:

Single stock futures are futures contracts on individual stocks, such as Dell Computer (nasdaq: DELL - news - people ), IBM (nyse: IBM - news - people ) and General Electric (nyse: GE - news - people ). Each contract consists of 100 shares of the underlying stock, and thus, each $1 move in the price of the SSF stock will equate to a $100 move in the futures contract. For example, if you bought one Microsoft (nyse: MSFT - news - people ) SSF contract at $48 and then offset the position by selling the same contract at $51, you would have profited $300 on your contract.

EDIT:..this is a pretty good article..check out the whole thing...

forbes.com

And here's what looks to be a decent website with info on SSF's including the contract specifications:

nqlx.com

PS.. you gotta pass another IB exam <g>
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