- Chapter 1: What is an Index?
- Section 2: Index Futures and Options Give You...
- Section 3: What Is a Tick?
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Section 4: What Is the Contract Value?
- Section 5: What Makes an Index Tick?
- To Chapter 2
What Is the Contract Value?
I. What Is an Index?: Section 4 of 5
Index contracts are valued at the contract multiplier times the futures index level or futures price. For example, if the S&P 500 futures price is 1200.00, the value of the contract is $300,000 ($250 x 1200.00). If the Nasdaq-100 futures price is 2000.00, the value of the contract is $200,000 ($100 x 2000.00).
| Index Futures Contract Multipliers | |
| S&P 500 | $250 |
| E-mini S&P 500 | $50 |
| S&P MidCap 400 | $500 |
| Russell 2000 | $500 |
| E-mini Russell 2000 | $100 |
| S&P 500/Barra Value | $250 |
| S&P 500/Barra Growth | $250 |
| GSCI | $250 |
| Nasdaq-100 | $100 |
| E-mini Nasdaq-100 | $20 |
| FORTUNE e-50 | $20 |
| Nikkei 225 | $5 |
