Micro E-mini Russell 2000 (M2K) Tick Value & Contract Specs

The Micro E-mini Russell 2000 (M2K) puts small-cap exposure within reach of any account: $5 per index point, one-tenth of RTY's $50. The tick is 0.10 index points, so each tick is worth $0.50 and ten ticks make a point. With the Russell 2000 near 2,000, a single contract represents about $10,000 of notional — the smallest of the CME equity micros, and roughly half the exposure of an MYM contract at current index levels.

That small unit is the point. The Russell 2000 holds two thousand small-cap constituents whose fortunes hinge on domestic US demand, credit conditions and refinancing costs rather than global mega-cap earnings. It is a genuinely different exposure from the S&P 500 or the Nasdaq-100, and it tends to turn first when risk appetite shifts. Traders who want that signal in a portfolio, but not at $50 a point, size it with M2K.

The arithmetic worth double-checking is the tick-to-point conversion. A 5-point stop on M2K is 50 ticks, or $25 per contract — small enough that traders routinely underestimate how many contracts a given risk budget allows, and then carry far more small-cap beta than they intended. Run your entry, stop and contract count through the calculator below before sizing.