Futures tick value calculator
Pick a contract, put in the move in points or ticks and how many contracts, and see what it's worth in dollars. The table below has the tick and point value of every common contract.
- Tick size
- 0.25
- Tick value
- $0.50
- Point value (1.00 move)
- $2.00
- Ticks in one point
- 4
- Per contract
- $40.00
- Per tick, 1 contract
- $0.50
- Per point, 1 contract
- $2.00
- Same move on 1 NQ
- $400.00
Import your trades into Actal and every point is turned into dollars for you, with every broken rule and its cost added up.
Journal for free →Tick values for every common futures contract
Per contract, set by the exchange. The same in every session and contract month.
| Contract | Name | Tick size | Tick value | Point value |
|---|---|---|---|---|
| MNQ | Micro E-mini Nasdaq-100 | 0.25 | $0.50 | $2.00 |
| NQ | E-mini Nasdaq-100 | 0.25 | $5.00 | $20.00 |
| MES | Micro E-mini S&P 500 | 0.25 | $1.25 | $5.00 |
| ES | E-mini S&P 500 | 0.25 | $12.50 | $50.00 |
| MYM | Micro E-mini Dow | 1 | $0.50 | $0.50 |
| YM | E-mini Dow | 1 | $5.00 | $5.00 |
| M2K | Micro E-mini Russell 2000 | 0.1 | $0.50 | $5.00 |
| RTY | E-mini Russell 2000 | 0.1 | $5.00 | $50.00 |
| MCL | Micro WTI Crude Oil | 0.01 | $1.00 | $100.00 |
| CL | WTI Crude Oil | 0.01 | $10.00 | $1,000.00 |
| NG | Natural Gas | 0.001 | $10.00 | $10,000.00 |
| MGC | Micro Gold | 0.1 | $1.00 | $10.00 |
| GC | Gold | 0.1 | $10.00 | $100.00 |
| SIL | Micro Silver | 0.005 | $5.00 | $1,000.00 |
| SI | Silver | 0.005 | $25.00 | $5,000.00 |
| 6E | Euro FX | 0.00005 | $6.25 | $125,000.00 |
| ZN | 10-Year T-Note | 0.015625 | $15.63 | $1,000.00 |
Point value is what a full 1.00 move in the price is worth. On crude oil that's a $1 move per barrel, on gold $1 per ounce.
How tick value works
P&L = ticks moved × tick value × contracts − fees
Example: you buy 2 MNQ and sell 30 points higher. 30 points is 120 ticks. 120 × $0.50 × 2 = $120, before commission. The same trade on 2 NQ is $1,200.
That tenfold jump is why the micro contracts matter. They let you trade the same chart in risk steps small enough to follow a real plan. If your stop on one full-size contract is more than you want to lose, the answer is the micro, not a tighter stop. The position size calculator works out the number of contracts from your risk and stop.
Questions people ask
Import your trades into Actal and every one comes in priced with the right point value, checked against your rules, with every mistake given a dollar cost. Free during beta, no card.
Made by Joakim Jusell, futures trader and coach at Jusell Trading Academy.