YM Tick Value, Point Value & Contract Specs
One YM (E-mini Dow) tick is 1 index point and is worth $5.00 per contract. A 1.00 move in the price is worth $5. Source: CME Group contract specs.
YM contract specs
| Product | E-mini Dow Jones Industrial Average Index Futures |
|---|---|
| Symbol (CME Globex) | YM |
| Exchange | CBOT (rulebook chapter CBOT 27) |
| Contract unit | $5 × Dow Jones Industrial Average index |
| Price quoted in | index points |
| Tick size (outright) | 1 index point |
| Tick value | $5.00 per contract |
| Point value (1.00 move) | $5 per contract |
| Ticks per 1.00 move | 1 |
| Settlement | Cash-settled |
| Listed contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters. Month codes: H M U Z |
| Next expiry | YMZ6 (Dec 2026): suggested roll Mon, Dec 14, 2026, last trading day Fri, Dec 18, 2026. Rollover calendar |
| Trading hours | CME Globex: Sunday–Friday 5:00 p.m. – 4:00 p.m. CT (6:00 p.m. – 5:00 p.m. ET), with a daily break 4:00 p.m. – 5:00 p.m. CT. Trading hours today and holidays |
| Micro contract | MYM (Micro E-mini Dow): YM = 10 × MYM. |
Sources: CME Group contract specs (read October 23, 2026) · Barchart contract profile (cross-check) (read October 23, 2026). Tick size, tick value and contract size come from the CME Group spec page. A second source, read the same day, confirms them: Barchart's contract profile (tick size and tick value) or, for MYM, M2K, MCL and M6E, TradingView (contract size).
How much is 1 YM contract?
Type the current price. The default is an example level, not a quote.
Notional value: $250,00050,000 × $5 × 1 contract
Notional value is the size of the exposure, not the cash you need. Your broker asks for a margin, set by the broker and CME.
About YM
YM follows the Dow Jones Industrial Average: 30 large US companies, weighted by share price rather than by market value.
Its tick is one whole index point worth $5, so on YM a tick and a point are the same thing.
At expiry it is cash-settled to the Special Opening Quotation of the Dow on the third Friday.
All 6 futures prop plans in our position size calculator (Lucid Flex 50K, Tradeify Select 50K, Topstep 50K Combine, Apex 50K EOD, MFFU Rapid 50K, FTMO Futures Growth 50K) list a commission for YM in their rules. Size a trade within a plan's limits with the futures position size calculator.
Trading strategies backtested on the continuous YM contract (YM1!): best YM strategies.
What one YM move is worth
Worked examples with an example move (not a quote):
- A 100-point move on 1 YM = 100 ticks × $5.00 = $500.00.
- A 100-point move on 2 YM = $1,000.00.
- 1 tick on 10 YM = 10 × $5.00 = $50.00.
- The same 100-point move on 1 MYM = $50.00.
YM and MYM
MYM is the micro version of YM. YM = 10 × MYM: MYM ticks are worth $0.50 and a 1.00 move is $0.50.
Micros let you size in smaller steps: a stop of the same distance costs a fraction as much. See micro vs mini futures to convert a position from one to the other.
YM futures calculator
Trade
Contract: YM (E-mini Dow). Other contracts
1 tick = 1 = $5.00 · 1.00 move = $5
Commission per contract, per side (entry and exit are each charged). Add exchange and clearing fees if your broker lists them separately.
Profit and loss
+100 ticks × $5.00 × 1 contract = $500.00 gross
$500.00 − $0.00 commission = $500.00 net
Notional value at entry (example price, not a quote): $250,000 (50,000 × $5 × 1 contract).
You know what one YM tick pays. Does your strategy catch them?
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YM FAQ
How much is 1 YM contract worth?
Its notional value is the price times $5. At an example price of 50,000, 1 YM controls $250,000. Type the current price in the notional value box on this page for today's figure. The margin your broker asks to hold the contract is a different, much smaller number set by the broker and CME.
What is the YM tick value?
One YM tick is 1 index point and is worth $5.00 per contract (CME Group contract specs). A 1.00 move in the price is worth $5.
How many ticks are in a point on YM?
One. YM moves in whole points, so a tick and a point are both worth $5.00.
How many MYM make one YM?
10 MYM carry the same exposure as 1 YM: 10 × $0.50 = $5 per 1.00 move. A 100-point move is worth $500.00 on 1 YM and $50.00 on 1 MYM.
Is YM cash-settled?
Yes. YM is cash-settled ("financially settled" in the CME specs): there is no delivery, open positions are settled in cash at expiry.
Which months does YM trade?
Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters (CME Group). Month codes: H, M, U, Z.