Futures Limit Down Defined

Friday’s pre-market angst was surreal to say the least. Luckily we have three trades open, one that is free, one that we have plenty of time remaining in, and the other that makes us money in either direction. However, some of you may have other positions and may be wondering what these “limits” are that everyone is talking about.

The only source to understand what this all means is the CME and here is the link to the PDF.