OmbraFutures contract specs at a glance: ES, NQ, MES, MNQ, CL, GC
Knowing what one tick is worth is the first step to knowing what a trade can cost. Here are the standard figures for six popular contracts.
ES (E-mini S&P 500): tick 0.25 index points, $12.50 a tick, $50 a point. MES (Micro E-mini S&P 500): tick 0.25, $1.25 a tick, $5 a point.
NQ (E-mini Nasdaq-100): tick 0.25 index points, $5 a tick, $20 a point. MNQ (Micro E-mini Nasdaq-100): tick 0.25, $0.50 a tick, $2 a point.
CL (Crude oil, 1,000 barrels): tick $0.01 a barrel, worth $10 a contract, so a $1 move is $1,000. GC (Gold, 100 troy ounces): tick $0.10 an ounce, worth $10 a contract, so a $1 move is $100.
A quick check: dollar risk equals ticks to your stop, times tick value, times contracts. A 20-tick stop on 2 CL is 20 x $10 x 2 = $400.
Exchanges can change specifications, and trading hours and margins vary by broker. Confirm the details on the CME Group product page and with your broker or firm before you trade.
Education only. Not advice. Trading futures carries risk of loss; evaluations use simulated accounts.