Futures trading quiz

Test yourself

One question from each lesson in this topic. Pick an answer to see why, then open the lesson if you want to review it.

1. Question 1 of 6

   Each card is a long position of one contract that moved up by the number of ticks shown. Which one gained exactly $100?

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   ABCD

2. Question 2 of 6

   In the ledger, the balance drops from $26,000 to $24,500 on Day 2 although the trade is still open. Why?

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   ES settled 30 points lower, and the $1,500 loss was taken out in cash that dayThe broker charged the full margin a second timeLosses only count once the position is closed, so this is a display error

3. Question 3 of 6

   Which position has the same dollar value per S&P 500 point as one ES contract?

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   ABCD

4. Question 4 of 6

   In the drawing, a $10,000 account risks $100 per trade with a stop 10 S&P points away. What is the largest position that stays within the budget?

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   1 ES3 MES2 MES

5. Question 5 of 6

   You are long the December 2026 E-mini S&P 500 (ESZ6) and want to roll to the next quarterly contract. Which ticket do you buy?

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   ABCD

6. Question 6 of 6

   In the drawing, what usually tells traders it is time to roll?

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   The next contract’s daily volume overtakes the expiring one’sThe expiring contract reaches its third FridayThe two contracts trade at exactly the same price