EPREM $ value

[probtrader]

What are the value showed on the EPREM A0 vertical scale? How do I locate a premium of, for example, $4.97 on the vertical axe?

[ACM]

probtrader
It represents the premium of the e-mini S&P over cash as calculated by the CME and expressed without decimals ie 4.97 is the same as 497 on the scale
Hope this helps
Alex

[ideaman]

If you want EPREM A0 in a decimal form you could just type: EPREM A0 / 100 on either quoteboard, chart or both.

If you know the fair value, say 5.29, you could enter $SPX + 5.29 for the ES.

If you want to know how much ES is overvalued or undervalued you could enter
($SPX + 5.29) - ES U5 and you'll have the amount over or under valued.

dom

[mikejhelms]

Eprem A0 volume?

If EPREM A0 is "..the premium of the cash over the emini as calculated by the Cme", what do the volume figures that are associated with this premium respresent? Thanks.

Mike

[ACM]

Mike
I believe that is tick volume
Alex

[mikejhelms]

Yes, but tick volume of what? Not the emini unless there is some very strange transform being performed on the emini volume figures. Attached is the first forty minutes or so of volume figures for ES #F and Eprem A0. A definite corrolation but significant differences.

Mike

[ACM]

Mike
By tick volume I mean the number of updates (ie ticks) in a given interval.
Alex

[mikejhelms]

Oh. Well that makes sense. Thanks.

Mike

[ACM]

Mike
My pleasure
Alex