Implementation Worksheet

Futures sizing and cost budget

A static, hypothetical position budget with explicit unit conversion, integer rounding and cost assumptions.

These are chosen inputs, not actual exchange margin rates, executable prices or a recommended allocation. The target ratio is a sizing heuristic, not a promise of realized volatility. Long exposure is assumed for the adverse-move illustration.

The round-trip count is a scenario-horizon input, not an automatically annualized forecast. Include intended rolls in that count only once. Fees or costs not entered are excluded.

Exposure, costs and cash

Exposure cap does not bind.

Uncapped target / estimate: 0.500x
Capped exposure target: 0.500x
Whole contracts: 5
Actual notional (USD): $500,000.00
Actual exposure / capital: 0.500x
Notional rounding residual: $0.00
Initial margin assumption: $35,000.00
Cost per contract side: $15.00
Scenario-horizon trading costs: $1,800.00
Costs / capital: 0.180%
Adverse-move loss illustration: $10,000.00
Margin + adverse-move amount: $45,000.00

The cash sum is not a complete liquidity requirement or a maximum loss. Margin can change, intraday demands can occur and losses can exceed assumptions.

Worked sizing example