MNQ tick value
One MNQ tick (0.25 points) is worth $0.50 per contract, and a full point is worth $2.00. Micro E-mini Nasdaq-100, traded on CME. Put in your own move and size below.
- 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 →What an MNQ move is worth
Dollars for each move, by number of contracts. Before fees.
| Move | 1 MNQ | 2 MNQ | 5 MNQ | 10 MNQ |
|---|---|---|---|---|
| 1 tick (0.25) | $0.50 | $1.00 | $2.50 | $5.00 |
| 1 point | $2.00 | $4.00 | $10.00 | $20.00 |
| 10 points | $20.00 | $40.00 | $100.00 | $200.00 |
| 25 points | $50.00 | $100.00 | $250.00 | $500.00 |
| 50 points | $100.00 | $200.00 | $500.00 | $1,000.00 |
| 100 points | $200.00 | $400.00 | $1,000.00 | $2,000.00 |
| 300 points | $600.00 | $1,200.00 | $3,000.00 | $6,000.00 |
MNQ contract specs
| Exchange | CME |
|---|---|
| Contract | $2 × the Nasdaq-100 index |
| Tick size | 0.25 points |
| Tick value | $0.50 per contract |
| Point value | $2.00 per contract |
| Ticks per point | 4 |
| Full-size version | NQ, $5.00 a tick |
Tick size and value are set by the exchange and don't change by session or contract month. Commissions and margin depend on your broker.
MNQ vs NQ, and what to know
MNQ is the micro version of NQ, exactly one tenth of the size. Ten MNQ make the same money per point as one NQ.
That's why MNQ is where most futures traders start. A 20 point stop is $40 a contract, not $400, so you can size properly on a small account and still trade the same chart as everyone else.
The catch: the Nasdaq moves a lot of points. A 300 point day is normal at today's prices, which is $600 per MNQ. Ten micros across a full day's range is $6,000.
| Tick value | Per point | 20 point move | |
|---|---|---|---|
| MNQ | $0.50 | $2.00 | $40.00 |
| NQ | $5.00 | $20.00 | $400.00 |
Turning ticks into a position size
contracts = your risk ÷ risk per contract
Work out the stop first, then the size. Never the other way round. The position size calculator does this for MNQ and every other contract, and tells you when the micro fits better.
Knowing the tick value is the easy part. The part that costs traders money is what happens after two losers: an extra contract, a wider stop, one more trade. A max size rule you check after every session is what keeps the numbers on this page the numbers you actually trade.
Questions people ask
Tick values for other contracts
Import your trades from NinjaTrader, Tradovate, Rithmic, TopstepX and more. Actal turns every tick into dollars, checks every trade against your rules and adds up what each mistake cost you. Free during beta, no card.
Made by Joakim Jusell, futures trader and coach at Jusell Trading Academy.