The minimum price move for every futures product available through Slay Markets — and what each tick is worth in dollars.
A tick is the minimum price increment a futures contract can move. The tick value is how many dollars that minimum move is worth per contract. Tick value = contract multiplier × tick size. Knowing both lets you calculate your exact dollar risk per contract before placing a trade.
How do I calculate my dollar risk per contract?
Multiply your planned stop distance in ticks by the tick value, then by the number of contracts:
Example: 1 MNQ contract with a 10-tick stop. MNQ tick value is $0.50, so risk = 10 × $0.50 = $5.00 per contract.
Example: 2 ES contracts with a 4-tick stop. ES tick value is $12.50, so risk = 4 × $12.50 × 2 contracts = $100.00 total.
Equity index futures tick size and tick value
Symbol | Product | Tick size | Tick value | Notes |
ES | E-mini S&P 500 | 0.25 points | $12.50 | $50 per full point |
MES | Micro E-mini S&P 500 | 0.25 points | $1.25 | $5 per full point |
NQ | E-mini Nasdaq-100 | 0.25 points | $5.00 | $20 per full point |
MNQ | Micro E-mini Nasdaq-100 | 0.25 points | $0.50 | $2 per full point |
YM | E-mini Dow Jones | 1 point | $5.00 | $5 per full point |
MYM | Micro E-mini Dow Jones | 1 point | $0.50 | $0.50 per full point |
RTY | E-mini Russell 2000 | 0.10 points | $5.00 | $50 per full point |
M2K | Micro E-mini Russell 2000 | 0.10 points | $0.50 | $5 per full point |
Energy futures tick size and tick value
Symbol | Product | Tick size | Tick value |
CL | Crude Oil (WTI) | $0.01 per barrel | $10.00 |
MCL | Micro Crude Oil | $0.01 per barrel | $1.00 |
NG | Natural Gas | $0.001 per MMBtu | $10.00 |
RB | RBOB Gasoline | $0.0001 per gallon | $4.20 |
HO | NY Harbor ULSD (Heating Oil) | $0.0001 per gallon | $4.20 |
Metals futures tick size and tick value
Symbol | Product | Tick size | Tick value |
GC | Gold (100 oz) | $0.10 per troy oz | $10.00 |
MGC | Micro Gold (10 oz) | $0.10 per troy oz | $1.00 |
SI | Silver (5,000 oz) | $0.005 per troy oz | $25.00 |
HG | Copper (25,000 lbs) | $0.0005 per lb | $12.50 |
Interest rate futures tick size and tick value
Treasury futures use fractional tick sizes expressed as fractions of a full point (100% of par value). One full point equals $1,000 for ZB, ZN, and ZF, and $2,000 for ZT. Tick values below are per contract.
Symbol | Product | Tick size | Tick value |
ZB | 30-Year T-Bond | 1/32 of a point | $31.25 |
ZN | 10-Year T-Note | 1/64 of a point | $15.625 |
ZF | 5-Year T-Note | 1/128 of a point | $7.8125 |
ZT | 2-Year T-Note | 1/128 of a point | $15.625 |
Agricultural futures tick size and tick value
Symbol | Product | Tick size | Tick value |
ZC | Corn (5,000 bu) | 0.25 cents per bushel | $12.50 |
ZS | Soybeans (5,000 bu) | 0.25 cents per bushel | $12.50 |
ZW | Wheat (5,000 bu) | 0.25 cents per bushel | $12.50 |
ZM | Soybean Meal (100 tons) | $0.10 per short ton | $10.00 |
ZL | Soybean Oil (60,000 lbs) | 0.01 cents per pound | $6.00 |
Cryptocurrency futures tick size and tick value
Symbol | Product | Tick size | Tick value |
BTC | Bitcoin (5 BTC) | $5.00 per index point | $25.00 |
MBT | Micro Bitcoin (0.1 BTC) | $1.00 per index point | $5.00 |
MET | Micro Ether (0.1 ETH) | $0.01 per index point | $0.50 |
For EUREX, ICE, FX futures, and livestock products, refer to the exchange contract specifications directly at cmegroup.com, eurex.com, or theice.com for verified tick sizes and values.
Frequently asked questions about tick size and tick value
Q: What is the dollar value of a 1-point move in ES?
A: One full point in the E-mini S&P 500 (ES) is $50.00. The tick size is 0.25 points and one tick is $12.50, so a 1-point move is 4 ticks × $12.50 = $50.00.
Q: What is the dollar value of a 100-point move in NQ?
A: One full point in NQ is $20.00, so a 100-point move is $2,000 per contract.
Q: My platform shows prices in fractions for ZB. How do I convert?
A: ZB prices are quoted in points and 32nds. “145-16” means 145 full points plus 16/32, or 145.50. Each 1/32 tick is $31.25.
Tick size is the minimum price increment and tick value is the dollar amount per contract for that move. Calculate risk as stop distance in ticks × tick value × number of contracts. For ES each tick is $12.50; for MNQ each tick is $0.50.
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