CBOT
Micro E-mini Dow (MYM) Tick Value & Contract Specs
Tick value $0.50 per tick — $0.50 × the Dow Jones Industrial Average.
The Micro E-mini Dow (MYM) is the smallest way to trade the Dow Jones Industrial Average, worth $0.50 per index point against YM's $5. Its tick is a full index point, so tick value and point value are the same number — $0.50 — which makes MYM the easiest index future to size in your head. A 100-point Dow move is $50 per contract; a 250-point move, the kind that follows a surprise inflation print, is $125.
With the Dow near 40,000, one MYM contract carries roughly $20,000 of notional exposure — an order of magnitude below the E-mini, and low enough that day-trade margin at most brokers runs to a few dozen dollars. That combination of trivial arithmetic and small notional is why MYM is a common first futures contract, and why experienced traders use it to run a strategy at live-money stakes before committing to YM.
The Dow's construction matters more than its size. It is price-weighted across just 30 names, so a single high-priced constituent can pull the index in a direction the S&P 500 does not follow. Traders who watch that divergence often hold MYM against MES rather than trading it outright. The calculator below is pre-filled with MYM's specs.
- Exchange
- CBOT
- Contract size
- $0.50 × the Dow Jones Industrial Average
- Tick size
- 1
- Tick value
- $0.50
- Point value (multiplier)
- $0.50
- Trading hours
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 4:15pm–4:30pm ET
- Margin
- Margin is roughly one-tenth of full-size YM and varies by broker — day-trade margin on the Dow micro is often only a few dozen dollars.
How MYM tick value works
Tick value is the dollar amount one futures contract gains or loses when the price moves one minimum increment (one tick).
tick value = tick size × multiplier. For MYM, that is 1 × $0.50 = $0.50 per tick, per contract.
One contract represents $0.50 × the Dow Jones Industrial Average. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.
MYM contract months and ticker symbols
A futures ticker is three parts: the root, a one-letter delivery month, and the year. MYMZ2026 is the December 2026 MYM contract. The month letters skip I and L, which would read as 1 and 7 on a ticker.
| Code | Month | Listed for MYM? |
|---|---|---|
| F | January | No |
| G | February | No |
| H | March | Yes — MYMH |
| J | April | No |
| K | May | No |
| M | June | Yes — MYMM |
| N | July | No |
| Q | August | No |
| U | September | Yes — MYMU |
| V | October | No |
| X | November | No |
| Z | December | Yes — MYMZ |
Which MYM contract am I looking at?
Most charts default to the continuous front-month series rather than a dated contract — one stitched-together chart that rolls to the next month as the current one nears expiry. Every platform spells it differently, which is why the same contract appears under so many names.
| Written as | Platform | Meaning |
|---|---|---|
| MYM1! | TradingView | Continuous front-month contract. "2!" is the next one out, and a dated contract is written in full, e.g. MYMZ2026. |
| MYM00 | Barchart | Continuous front-month series. "MYMZ26" style codes name a specific month and year instead. |
| MYMc1 | Refinitiv / Reuters | Continuous front month; c2 is the second month out. |
| /MYM | thinkorswim, tastytrade | The leading slash marks it as a future rather than a stock. A specific month is /MYMZ26. |
| MYM=F | Yahoo Finance | The "=F" suffix denotes the front-month futures series. |
| $MYM | StockTwits, social | A cashtag, not an exchange symbol. It usually means the front month, but it is informal and ambiguous. |
A dated code such as MYMZ26 always means one specific contract; the continuous forms never do. Check which you are quoting before comparing a price to someone else’s — around a roll they differ.
Frequently asked questions
- What is the tick value for MYM?
- $0.50 per tick — a 1 tick size × a $0.50 multiplier (point value).
- What is one MYM contract worth?
- One contract represents $0.50 × the Dow Jones Industrial Average. Notional value = price × $0.50; use the tick value calculator with the current price for an exact figure.
- Which exchange lists MYM?
- Micro E-mini Dow (MYM) trades on the CBOT.
- What are the trading hours for MYM?
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 4:15pm–4:30pm ET.
- How much margin do I need to trade MYM?
- Margin is roughly one-tenth of full-size YM and varies by broker — day-trade margin on the Dow micro is often only a few dozen dollars.
- What are the MYM contract months?
- MYM lists March, June, September and December.
- What does MYMZ2026 mean?
- It is one specific MYM contract: the root MYM, the delivery-month code Z, and the year. Z is December, so MYMZ2026 is the December 2026 contract. The codes run F G H J K M N Q U V X Z for January through December — I and L are skipped because they read as 1 and 7 on a ticker.
- What is MYM00, MYM1! or /MYM?
- All three name the same thing: the continuous front-month MYM contract, written differently by different platforms. Barchart uses MYM00, TradingView MYM1!, thinkorswim and tastytrade /MYM, Yahoo Finance MYM=F, and MYM on social media is usually written $MYM. None of them is a separate instrument — each stitches together whichever dated contract is currently the front month.
- How is P&L calculated for MYM?
- P&L = (exit price − entry price) ÷ 1 tick size × $0.50 tick value × number of contracts. Use the tick value calculator to compute this directly.
More futures contract specs
- YM — E-mini DowTick value $5.00 · CBOT
- RTY — E-mini Russell 2000Tick value $5.00 · CME
- M2K — Micro E-mini Russell 2000Tick value $0.50 · CME
- NKD — Nikkei 225 (Dollar)Tick value $25.00 · CME
See all futures contract specs or use the futures contract & tick value calculator with any symbol or custom specs.
Specs last reviewed 2026-09-06. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.