T-Note Prices
And once again I am not sure of their value or how to order them.
I sold one contract at 117.000 and bought it back at 116.000 and made $1000
So I know it's a thousand bucks for a full point, from my statement I also figured out that they trade in 32nds. Each whole point is broken down into 32 parts each worth $31.25
Because I sold one at 116.20 and it closed at 116.09 and that gave me a $343.75 profit.
That makes 11/32nds at $31.25 each for the total of $343.75
The part I still can't figure out is that some of the quotes are in decimal, so 116 and 16/32 is displayed as 116.50
This makes ordering and quotes a little complicated to follow.
My statement also shows a price of 116-07.5 so there are half prices also.
I also have a price quote on my statement of 116-09 and 116-20
So if I keep watching the prices I should be able to figure out what system they are using eventually.
