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E-mini S&P 500 (ES) tick value, point value, profit/loss and risk-based position sizing — in your browser, no signup.
ES: 0.25 tick · $12.50/tick · $50/point. Also MES, NQ, MNQ, YM, RTY.
ES: 0.25 tick · $12.50/tick · $50.00/point. Specs are CME standard; broker margin varies.
The E-mini S&P 500 (ES) moves in 0.25 index-point ticks. Each tick is worth $12.50, so a full point (4 ticks) is $50. Profit on a trade is simply points moved × $50 × contracts. The micro (MES) is one-tenth the size.
| Contract | Tick size | Tick value | Point value |
|---|---|---|---|
| ES — E-mini S&P 500 | 0.25 | $12.50 | $50.00 |
| MES — Micro E-mini S&P 500 | 0.25 | $1.25 | $5.00 |
| NQ — E-mini Nasdaq-100 | 0.25 | $5.00 | $20.00 |
| MNQ — Micro E-mini Nasdaq-100 | 0.25 | $0.50 | $2.00 |
| YM — E-mini Dow | 1 | $5.00 | $5.00 |
| RTY — E-mini Russell 2000 | 0.1 | $5.00 | $50.00 |
Risk per contract = stop distance in ticks × $12.50. Max contracts = (account × risk %) ÷ risk per contract, rounded down. Example: $25,000 account, 1% risk ($250), 8-point stop (32 ticks = $400/contract) → 0 contracts on ES, but 5 contracts on MES ($40/contract). Sizing is why most ES beginners should start on MES.
The full ES futures trading strategy guide walks through the setups; the FX Trading course teaches the complete system.