Futures Price Limits and Price Banding
Futures price limits, price banding and Velocity Logic are three different controls. What each one stops, and how to tell a reject from a locked market.
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Market Orders With Protection on CME Globex
A market order with protection on CME Globex sweeps only inside a protection band, then rests the remainder as a limit. Here is the mechanism, with data.
Does the PDT Rule Apply to Crypto and Futures?
Does the PDT rule apply to crypto or futures? No. It is a FINRA margin rule on securities accounts. Here is what governs each asset class instead.
Micro Gold Futures vs GLD: Size, Tax, Cost
Micro gold futures vs GLD: one MGC covers 10 ounces, about 109 GLD shares. Compare tick value, margin, the 0.40% fee and the 60/40 vs 28% tax split.
When Do VIX Futures Expire? 2026 Dates
VIX futures expire on the Wednesday 30 days before the next month's third-Friday SPX expiry. Every 2026 settlement date, plus the walk-back arithmetic.
ES Futures Trading Hours and the Daily Break
ES futures trading hours in CT and ET: the Sunday 5 p.m. open, the 4 p.m. maintenance break, and why the old 3:15 p.m. equity index halt no longer applies.
Micro E-mini vs E-mini Futures: Specs & Cost
Micro E-mini vs E-mini futures compared: multiplier, tick value, notional and the commission math that decides where the micro premium actually lands.
DAX Futures Explained: FDAX, FDXM, FDXS
DAX futures trade on Eurex in three sizes. Compare FDAX, FDXM and FDXS on index point multiplier, tick value in euros, notional and cash settlement.
Covered Calls on Futures: How They Work
Covered calls on futures have no shares to cover: assignment hands you an offsetting short future, and SPAN margins the package. See how the numbers work.
Futures Tick Size and Tick Value Explained
Futures tick size is the smallest price step; tick value is what one step pays. CME specs for ES, MES, NQ, MNQ, CL, MCL, GC, MGC, ZN and ZB, plus the P&L math.
Single Stock Futures: CME's New Contracts
Single stock futures explained: CME's 2026 contracts, how the price embeds financing minus dividends, the 15% margin floor, and why 60/40 tax does not apply.
Futures Block Trades and CME Minimums
A futures block trade is privately negotiated away from the order book. How CME Rule 526 minimums work, and why your chart never showed the trade.
When Is the COT Report Released?
The CFTC releases the COT report every Friday at 3:30 pm ET, measured as of Tuesday's close. See the schedule, the three-day lag, and how to read it.