pmoonoi Wrote: ------------------------------------------------------- > I think the mulitplier is a unit (it does not have > a value, just a multiplier) but for presentation > and bec it is a multiplier to the contract size it > is shown in (and the futures price w/o the ). > If we buy 1 futures contract on the S&P500 it will > be effectively long 250 units, I dun see how the > value should be $250 since it is just a multiplier > to the contract size. > Example if we buy 100 futures contract on the S&P > 500 @ the futures price of say 1,000, we are \> effectively buying 100 x 250 = 25,000 units (not \> ) @ $1,000 or actual futures price of $25million. > > Cheers - good question, great learning. I agree with you dude, I do not think a lot my friends got my concerns earlier. Nevertheless, I will stick to whatever CFAI wants.