Hello Darrel. I have been trying to figure out how to pick a spread to mirror the ES e-mini as close as possible with little success. I was not expect to get a point by point match, but yesterday I traded 5 spreads that moved only $300 while 1 ES e-mini contract moved about $1000. I was trying to trade the spread with the smallest proximity as I understand this is kind of like the delta in an option the closer to zero the closer is going to move with the underline in this case the ES. Do I have the concept wrong?
Thanks for your help.
Hector