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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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Per exchange margining the margin requirement for MES is 1/10th of ES. If your long 1 ES and short 5 MES, the margin requirement for that position is exactly the same as the margin requirement to be long 5 MES. (in this case $5600)
If your long Jun and short Sep in equal amounts, ie a true spread, there is a margin requirement, currently $1400 versus $11200 for the outright. It would not $11200 for the June and $11200 for the September.
If you were long 1 Jun ES and short 5 MES, this would be the same as being long 5 MES Jun/Sep spreads (5*140 = 700) and long 5 MES (5600) so $6300 total margin in this case (and not 11200 + 5*1120).
*Margin rates mentioned are official 'member' margin rates. Non-member rates will be 110% of these.
Not same and not sure if you are just looking at ways to hedge, but I have seen a day trader hedge by buying a Long Put DTE 11 on NQ while at same time buying the Long Futures contract. It worked out well for him, and had it drop would have protected some.
im looking at this because I have a lot of bots running. Sometimes the bots enter at an expensive price, so I could discretionary enter on the micros to keep the money in the account. I don't want to force the bot to exit because that affects the statistics of a bot.