- [The Hidden Logic of Options | Put-Call Parity Explained with Legos](https://youtu.be/vYPulKD58fA?si=MnaT62VW2FJisOIN)
- [How To Trade Options in 2 Hours 12 Minutes and 4 Seconds | Live Bash Series](https://youtu.be/441HWKDot0Y?si=kYyqLX-V39qhbr3d)
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## Futures
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### General
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### Futures
- [ How to Start Trading Futures l BEST Trading Tips For Beginners!](https://youtu.be/C-rrNirdXl4?si=LYNdSloOP4y5efrD)
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### Futures vs equities margin
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#### Futures vs equities margin
Futures margin is confusingly not the same as equities margin. When you buy or sell a futures contract, it costs nothing other than the commission. Instead, you put up in cash a good faith deposit. which is called its margin requirement. Every day, depending on whether the position moves for or against you, it is marked to market and funds are either deducted or added to your deposit. You get that deposit back, along with any profit or loss, when the contract closes.
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- [Trading Futures, Should I Use All Cash Balance to Buy a Money Market Fund?](https://www.bogleheads.org/forum/viewtopic.php?t=201254)
- [How can I invest my maintenance margin (for futures)?](https://www.bogleheads.org/forum/viewtopic.php?t=393827)
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### Futures instead of stock
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#### Futures instead of stock
Futures let you buy (or sell) into indexes like the S&P 500 and Russell 2000. A long /ES or /MES futures position should be equivalent to holding SPY shares. It is essentially an ETF without fees, however the longer-dated future price will be higher than the current index. There is an inherent loan when you long a future, and that interest is baked in.
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- [[Non-US] S&P e-mini futures vs ETFs](https://www.bogleheads.org/forum/viewtopic.php?t=329552)
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### Representing bonds with futures
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#### Representing bonds with futures
The /10Y futures represents the current 10-year treasury yield. From what I understand about bonds, if the current yield is rising, it means newer bonds are worth more than older bonds. i.e. the return on newly issued bonds are greater than older issued bonds. The inverse should also be true.