FREE FUTURES CALCULATORS
What is this move worth?
Convert ticks or points into dollars.
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For education and planning only—not financial or investment advice. Speak with a qualified financial professional before making trading decisions.
Calculation & contract details
Tick value × ticks × contracts, or point value × points × contracts. Before fees, slippage and taxes.
Reference data, not live market information. Check specifications and confirm current requirements with your broker.
Contract-data review recorded October 12, 2026. These are reference figures, not live specifications or margins. Confirm current requirements with your broker and CME Group.
More info
How tick value and point value work
Every futures contract has a minimum price increment, called a tick, and a contract multiplier, which is what one full point of price movement is worth per contract. Tick value is simply tick size multiplied by the multiplier. On the E-mini S&P 500 (ES) the tick size is 0.25 points and the multiplier is $50, so one tick is worth $12.50 and one point is worth $50. The Micro E-mini (MES) is one tenth the size: $1.25 per tick and $5 per point.
This matters because your stop, your target and your risk per trade are all measured in ticks or points, but your account is measured in dollars. If you are risking 8 points on NQ, you are risking $160 per contract. The same 8 points on MNQ is $16. Knowing the conversion cold is the difference between sizing a trade and guessing at one.
Quick reference: the contracts most people trade
| Symbol | Contract | Tick size | Tick value | Point value |
|---|---|---|---|---|
| ES | E-mini S&P 500 | 0.25 | $12.50 | $50 |
| MES | Micro E-mini S&P 500 | 0.25 | $1.25 | $5 |
| NQ | E-mini Nasdaq-100 | 0.25 | $5.00 | $20 |
| MNQ | Micro E-mini Nasdaq-100 | 0.25 | $0.50 | $2 |
| YM | E-mini Dow | 1.00 | $5.00 | $5 |
| MYM | Micro E-mini Dow | 1.00 | $0.50 | $0.50 |
| RTY | E-mini Russell 2000 | 0.10 | $5.00 | $50 |
| M2K | Micro E-mini Russell 2000 | 0.10 | $0.50 | $5 |
| CL | Crude Oil | 0.01 | $10.00 | $1,000 |
| MCL | Micro Crude Oil | 0.01 | $1.00 | $100 |
| GC | Gold | 0.10 | $10.00 | $100 |
| MGC | Micro Gold | 0.10 | $1.00 | $10 |
The full list, including treasuries, currencies, silver, natural gas and bitcoin, is on the contract specs page.
Worked examples
- NQ, 20 point move, 1 contract: 20 × $20 = $400. On MNQ the same move is 20 × $2 = $40.
- ES, 6 tick stop, 2 contracts: 6 × $12.50 × 2 = $150 at risk.
- CL, $0.50 move: 50 ticks × $10 = $500 per contract. MCL: 50 × $1 = $50.
- GC, $12 move: 120 ticks × $10 = $1,200 per contract. MGC: $120.
- ZN, 10 ticks: 10 × $15.625 = $156.25. Treasury ticks are fractions of a 32nd, which is why the tick value is an odd number.
Micro vs mini: which one should you be sizing with?
Micros are exactly one tenth of the mini contract. Same tick size in points, one tenth the dollar value. Ten MES equal one ES. They exist so you can size positions in finer steps: if your risk model says 0.6 ES contracts, you can trade 6 MES instead of rounding to 1 ES. Commissions per contract are lower on micros but higher per dollar of exposure, so once you are consistently trading 10 or more micros it is usually cheaper to switch to the mini.
Method and sources
This tool runs in your browser. Read the assumptions and worked examples above, and use the method notes to understand its limits. Sources: CME Group contract specifications.
Important information · Advice & trading risk
Tick and Point provides general educational information and estimates based on the numbers you enter. We do not provide personalized financial, investment, tax or legal advice, assess suitability, or recommend buying or selling any investment.
Before making trading decisions, speak with a qualified financial professional who understands your circumstances and futures trading.
Futures involve substantial risk. You can lose your initial investment and more. A calculated position size or stop distance does not guarantee a maximum loss.
Results are estimates, not forecasts or guarantees. Check current contract specifications, margin requirements, fees and execution assumptions with your exchange and broker. Costs are included only when entered.
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Frequently asked questions
What is a tick in futures trading?
A tick is the smallest price move a contract can make. For ES it is 0.25 index points. Each tick has a fixed dollar value set by the exchange: $12.50 on ES, $1.25 on MES.
How much is 1 point on ES?
One point on the E-mini S&P 500 is $50 per contract. One point on the Micro E-mini (MES) is $5.
How much is 1 point on NQ and MNQ?
One point on NQ is $20 per contract. One point on MNQ is $2. Both move in 0.25 point ticks, so NQ is $5 a tick and MNQ is $0.50 a tick.
How many ticks are in a point?
It depends on the contract. ES, MES, NQ and MNQ have 4 ticks per point (0.25 tick size). RTY and M2K have 10 ticks per point. CL has 100 ticks per $1. YM and MYM have 1 tick per point.
Are micro futures exactly 1/10 of the mini?
Yes. MES is 1/10 of ES, MNQ is 1/10 of NQ, MYM is 1/10 of YM, M2K is 1/10 of RTY, MCL is 1/10 of CL, MGC is 1/10 of GC. Tick size in points is the same; the dollar value per tick is one tenth.
Does this calculator include commissions?
No. It shows the gross dollar value of a price move. Use the profit and loss calculator to include round-turn commissions and fees.