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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: robert b furman who wrote (12065)	1/8/1999 3:35:00 PM
From: GROUND ZERO™	Read Replies (1) of 44573

My broker is at Merrill Lynch, although I'd recommend a broker that wouldn't charge you what MER would charge you, I get an outrageously cheap rate because of my accounts there and trade history with them over the many years. I trade the regular contracts and they're traded at the Chicago Mercantile Exchange, the Merc. I'd tell my broker, "Buy one March at 72 even" (72 even or better is implied), he'll know to buy one March SP contract at 1272 or better. Each full point, from 1271 to 1272 used to be a $500.00 move until last year, now that's a $250.00 per point move per contract. The initial margin requirement is about 16K per contract and about 10K for maintenance. You need a good sized account for multiple contracts. Did I cover it all? Please let me know... My Best Regards. GZ

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