Futures Market Education
Futures Contract Specifications / Futures Contract Details
| Instrument | Symbol | Tick Size | $ / Tick | Ticks / 1 Point | $ / 1 Point | Margin Req. |
|---|---|---|---|---|---|---|
| Nymex Crude Oil | CL | .01 | $10.00 | 100 | $1000.00 | |
| miNY Crude Oil | QM | .025 | $12.50 | 40 | $500.00 | |
| CME E-mini S&P 500 | ES | .25 | $12.50 | 4 | $50.00 | |
| Nymex Natural Gas | NG | .001 | $10.00 | 1000 | $10,000.00 | |
| miNY Natural Gas | QG | .005 | $12.50 | 200 | $2500.00 | |
| Comex Gold | GC | .10 | $10.00 | 10 | $100.00 | |
| CBOT 100 oz Gold | ZG | .10 | $10.00 | 10 | $100.00 | |
| CBOT mini-sized Gold | YG | .10 | $3.32 | 10 | $33.20 | |
| CBOT mini Dow | YM | 1 | $5.00 | 1 | $5.00 | |
| CME E-mini Euro FX | E7 | .0001 | $6.25 |
Tick Size – the minimum price fluctuation of each futures instrument.
$ / Tick – the amount of money in USD each tick is worth (1 contract).
Ticks / 1 Point – The numer of ticks in 1 point.
$ / 1 Point – the amount of money in USD each 1 point is worth (1 contract).
You can multiply the $/Tick times the Ticks/1Point to see how much each point of movement in the futures contract is worth in USD (based on 1 contract). You can then multiply that value times the number of contracts you plan to trade to get the amount in USD each dollar of movement in the futures contract would be worth.
