One tick on E-mini Dow futures (YM) is 1 index point and is worth $5.00 per contract. One tick on Micro E-mini Dow futures (MYM) is also 1 index point and is worth $0.50. On the Dow, a tick and a point are the same thing, so YM is $5 per point and MYM is $0.50 per point.
Key points:
- YM tick value: $5.00 per 1.0 index point.
- MYM tick value: $0.50 per 1.0 index point.
- Size ratio: MYM is one tenth of YM, so 10 MYM move the same dollars per point as 1 YM.
- Hours: CME Globex, Sunday 6:00 p.m. to Friday 5:00 p.m. ET, with a daily break from 5:00 to 6:00 p.m. ET.
- Settlement: both are financially settled; trading ends at 9:30 a.m. ET on the third Friday of the contract month.
For every other contract in one place, see our futures tick value chart.
YM and MYM Contract Specifications
YM is $5 times the Dow Jones Industrial Average (DJIA) and MYM is $0.50 times the DJIA. Both move in steps of 1.0 index point. The table shows the figures CME Group lists for each contract.
| Spec | YM (E-mini Dow $5) | MYM (Micro E-mini Dow) |
|---|---|---|
| Contract unit | $5 x DJIA | $0.50 x DJIA |
| Minimum tick (outright) | 1.0 index point = $5.00 | 1.0 index point = $0.50 |
| Point value | $5.00 | $0.50 |
| Ticks per point | 1 | 1 |
| Settlement | Financially settled | Financially settled |
| Contract months | Mar, Jun, Sep, Dec | Mar, Jun, Sep, Dec |
| Last trade | 9:30 a.m. ET, 3rd Friday of the contract month | 9:30 a.m. ET, 3rd Friday of the contract month |
| Exchange | CBOT (CME Group) | CBOT (CME Group) |
Contract specs checked on CME Group on 10 Oct 2026. To turn any of these tick values into a dollar result for your own entry, exit and size, use our futures profit calculator.
YM and MYM share the same 1-point tick; only the dollar value differs.
Tick vs Point on Dow Futures
On YM and MYM, one tick equals one point. The Dow contracts move in whole index points, so there is no fraction of a point to count.
That is different from the S&P 500 and Nasdaq-100 contracts. ES, MES, NQ and MNQ move in 0.25-point ticks, so one point on those contracts is four ticks. If you move from ES to YM, a "10-tick stop" means 2.5 points on ES but 10 full points on YM.
| Contract | Tick size | Ticks per point | Tick value | Point value |
|---|---|---|---|---|
| YM | 1.0 point | 1 | $5.00 | $5 |
| MYM | 1.0 point | 1 | $0.50 | $0.50 |
| ES | 0.25 point | 4 | $12.50 | $50 |
| NQ | 0.25 point | 4 | $5.00 | $20 |
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How to Calculate YM and MYM Tick Value
Tick value is the contract multiplier times the tick size. For the Dow contracts the tick size is 1.0, so the tick value is simply the multiplier.
Tick value = contract multiplier x minimum tick
YM: $5 x 1.0 = $5.00
MYM: $0.50 x 1.0 = $0.50
Profit or loss on a trade is the number of points moved, times the point value, times the number of contracts. Fees and commissions come on top and depend on your broker.
P&L = points moved x point value x contracts
P&L Examples: a 100-Point Move
A 100-point move in the Dow is worth $500 on one YM contract and $50 on one MYM contract. The table runs the same math for a few common sizes.
| Move | 1 YM | 1 MYM | 10 MYM |
|---|---|---|---|
| 1 point (1 tick) | $5 | $0.50 | $5 |
| 25 points | $125 | $12.50 | $125 |
| 100 points | $500 | $50 | $500 |
| 250 points | $1,250 | $125 | $1,250 |
The same math works for risk. A 40-point stop costs $200 on 1 YM and $20 on 1 MYM. If you want to risk $100 on a trade, that is 20 points on 1 YM or 200 points on 1 MYM.
Notional value follows the same multiplier. At an example Dow level of 50,000 (an illustration, not a quote), one YM controls $250,000 of the index and one MYM controls $25,000.
YM vs MYM: Which One to Trade
YM and MYM track the same index with the same tick size; MYM is just one tenth the size. The choice comes down to how many dollars you want each point to be worth.
| Feature | YM | MYM |
|---|---|---|
| Dollars per point | $5 | $0.50 |
| Size vs YM | 1x | 1/10 |
| Smallest step in risk | $5 per contract | $0.50 per contract |
| Scaling | Whole $5 steps | 10 MYM = 1 YM per point |
MYM suits smaller accounts and traders who want to scale in and out in small steps. It is also common in prop firm evaluations, where a fixed drawdown limit leaves little room per trade. YM suits traders who already size in larger dollar amounts and want one contract instead of ten.
Margin is separate from tick value. It is set by the exchange and your broker and can change, so check your broker before you trade. Our page on micro futures tick values lists the other micro contracts next to MYM.
How YM and MYM Compare With ES and NQ per Point
Per point, YM is far smaller than the other two big US index contracts: $5 against $50 for ES and $20 for NQ. MYM, at $0.50 a point, is smaller again than MES ($5) and MNQ ($2).
| Index | Full-size contract | Point value | Micro contract | Point value |
|---|---|---|---|---|
| Dow Jones Industrial Average | YM | $5 | MYM | $0.50 |
| S&P 500 | ES | $50 | MES | $5 |
| Nasdaq-100 | NQ | $20 | MNQ | $2 |
A point is not the same size of move on each index. The Dow trades at a much higher index level than the S&P 500 or Nasdaq-100, so it covers many more points in a normal day. Compare contracts by the dollar risk of a typical trade, not by point value alone.
For the S&P 500 version, see the ES tick value guide. The Nasdaq-100 micro is covered in the MNQ tick value guide.
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YM and MYM Trading Hours
YM and MYM trade on CME Globex from Sunday 6:00 p.m. to Friday 5:00 p.m. ET, with a daily maintenance break from 5:00 to 6:00 p.m. ET (4:00 to 5:00 p.m. CT). Hours checked on CME Group on 10 Oct 2026.
Both contracts list quarterly months (March, June, September and December). Trading in an expiring contract ends at 9:30 a.m. ET on the third Friday of the month, so roll to the next month before then if you want to keep the position. For how the overnight and regular sessions differ, read our guide to CME trading sessions.
Trading Dow Futures From a VPS
Every point on YM is $5 and every point on MYM is $0.50, so the price you get filled at matters. A CME VPS in Chicago runs your platform 0.52ms from CME, with always-on DDoS protection with advanced filtering, and it keeps running when your home PC is off.
FAQs
What is the YM tick value?
The YM tick value is $5.00. YM is the E-mini Dow ($5) contract, $5 times the Dow Jones Industrial Average, and it moves in 1.0 index point ticks. One tick and one point are the same, so YM is also $5 per point.
What is the MYM tick value?
The MYM tick value is $0.50. MYM, the Micro E-mini Dow, is $0.50 times the DJIA and moves in 1.0 index point ticks, so each point is worth $0.50 per contract.
How many ticks are in a point on YM?
One. YM and MYM move in whole index points, so 1 tick = 1 point. ES, MES, NQ and MNQ are different: they move in 0.25-point ticks, four to a point.
How much is a 100-point move on YM and MYM?
A 100-point move is $500 on one YM contract (100 x $5) and $50 on one MYM contract (100 x $0.50), before fees.
How many MYM contracts equal one YM?
Ten. MYM is one tenth the size of YM, so 10 MYM contracts gain or lose the same $5 per point as 1 YM.
When do YM and MYM trade?
On CME Globex from Sunday 6:00 p.m. to Friday 5:00 p.m. ET, with a daily break from 5:00 to 6:00 p.m. ET. Holiday hours differ; check the CME Group holiday calendar before a holiday week.
