Futures tick value calculator
Pick a contract to see its tick size, the dollar value per tick, and what a given move is worth at your size.
- Tick size
- 0.25 points
- Tick value, 1 contract
- $12.50
- Point value, 1 contract
- $50.00
- Tick value, your size
- $12.50
- Move
- 8 ticks · 2 pts
Enter how many contracts you hold and how many ticks the price moved. Negative tick counts show the loss.
Contract specifications are set by the exchange. They change rarely, so confirm on your broker's contract page for the product you trade.
Tick values for ES, NQ, MES and MNQ
These four get looked up the most, with the Dow, Russell, crude and gold beside them. Micros are a tenth of the full-size contract.
| Contract | Tick size | Per tick | Per point |
|---|---|---|---|
| ES - E-mini S&P 500 | 0.25 | $12.50 | $50.00 |
| MES - Micro E-mini S&P 500 | 0.25 | $1.25 | $5.00 |
| NQ - E-mini Nasdaq-100 | 0.25 | $5.00 | $20.00 |
| MNQ - Micro E-mini Nasdaq-100 | 0.25 | $0.50 | $2.00 |
| YM - E-mini Dow | 1.0 | $5.00 | $5.00 |
| MYM - Micro E-mini Dow | 1.0 | $0.50 | $0.50 |
| RTY - E-mini Russell 2000 | 0.10 | $5.00 | $50.00 |
| CL - Crude Oil | 0.01 | $10.00 | $1,000.00 |
| GC - Gold | 0.10 | $10.00 | $100.00 |
Bonds, silver, currencies and the remaining micros are on the futures contract specifications page.
Tick, point and handle
Mixing them up hurts most in sizing, which is why the position size calculator makes you choose ticks or points for the stop.
- Tick
- The smallest increment the contract trades in. On ES, 0.25
- Point
- One full unit of the underlying. On ES, four ticks: $50 against $12.50
- Handle
- Trader shorthand for a point on index products
- Ten handles on ES
- Ten points, forty ticks, $500 a contract
How micro contracts change tick value
A micro is one tenth of its full-size contract: same product, hours and tick size, a tenth of the dollars per tick.
- Same tick, different dollars
- MES and ES both move in 0.25 increments, at $1.25 against $12.50, so charts and stops translate directly.
- Exit in pieces
- A 40-tick stop is $500 on ES and $50 on MES. Ten micros fit where one E-mini would, and exit in tenths.
- Commission is per contract
- Ten micros pay ten commissions where one E-mini pays one. Check your own rate.
- Scale across accounts
- A Leader trading MES can be copied into a larger account at a multiplier without oversizing the small one.
Common questions
Short answers to what traders ask first. Anything else, the Help Center has it.
What is the tick value of ES?
The E-mini S&P 500 moves in 0.25-point ticks and each tick is worth $12.50 per contract, which makes a full index point $50. The Micro E-mini (MES) has the same 0.25 tick size but each tick is worth $1.25, so a point is $5.
What is the tick value of NQ?
The E-mini Nasdaq-100 moves in 0.25-point ticks worth $5.00 each, so a point is $20 per contract. The Micro (MNQ) is one tenth of that: $0.50 a tick and $2.00 a point.
What is the tick value of MES?
The Micro E-mini S&P 500 moves in 0.25-point ticks worth $1.25 each, making a full point $5.00 per contract. It is exactly one tenth of the ES contract.
What is the difference between a tick and a point?
A point is one full unit of price; a tick is the smallest increment the contract trades in. On ES there are four ticks to a point: $50 against $12.50.
Who sets tick values?
The exchange, in the contract specification. Confirm on your broker's contract page, since specifications occasionally change.
Is my data sent anywhere?
No. The math runs locally in your browser and nothing is stored or sent.
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