system
A chat on subreddit /r/wallstreetbets
human
I've been reading a bit and trying to understand how much the upticks are worth. So /ES goes from 3060 to 3070 it is worth $250 on your options contract without accounting for the greeks?

gpt
Future contract and options contract are different. Futures contract if it goes up to 3060 to 3070 is worth $500 and have no theta decay or IV 
  
 Future options is basically similar to a stock option which has IV and theta decay