Virtual Currency Futures:
Name: Symbol Contract Expires Price Change
Loyola Rambler Futures LRF MAY 2018 DEC 2018 0.10 +0.0000000
Name: Symbol Contract Expires Price Change
Loyola micro-Rambler Futures MRF MAY 2018 DEC 2018 0.01 +0.0000000(LRF) Contract Specs:
Minimum Price Fluctuation: Outrights: .0025 USD per LRF increments ($0.05 USD).
In other words:
A 1 lot (or 1 quantity) Loyola Rambler Futures Contract = 0.05 cents up or down.
For example:
Long(Buy):
If the price goes up .0025 from .10 the quote from LRF will be .1025.
At this point you can close at .1025 and make a 0.05 cent profit.
Likewise if the price goes down .0025 from .10 the quote from LRF will be .0975.
At this point you can close at .0975 to make a 0.05 cent loss.
Short(Sell):
If the price goes down .0025 from .10 the quote from LRF will be .0975.
At this point you can close at .0975 to make a 0.05 cent gain.
Likewise if the price goes up .0025 from .10 the quote from LRF will be .1025.
At this point you can close at .1025 and make a 0.05 cent loss.(MRF) Contract Specs:
Minimum Price Fluctuation: Outrights: .00025 USD per MRF increments ($0.01 USD).
In other words:
A 1 lot (or 1 quantity) Loyola micro-Rambler Futures Contract = 0.01 cent up or down.
For example:
Long(Buy):
If the price goes up .00025 from .01 the quote from LRF will be .01025.
At this point you can close at .01025 and make a 0.01 cent profit.
Likewise if the price goes down .00025 from .01 the quote from LRF will be .00975.
At this point you can close at .00975 to make a 0.01 cent loss.
Short(Sell):
If the price goes down .0025 from .01 the quote from LRF will be .00975.
At this point you can close at .00975 to make a 0.01 cent gain.
Likewise if the price goes up .0025 from .01 the quote from LRF will be .01025.
At this point you can close at .01025 and make a 0.01 cent loss.