What is the tick value for NG?

$10.00 per tick — a 0.001 tick size × a $10000 multiplier (point value).

What is one NG contract worth?

One contract represents 10,000 MMBtu of natural gas. Notional value = price × $10000; use the tick value calculator with the current price for an exact figure.

Which exchange lists NG?

Natural Gas (NG) trades on the NYMEX.

What are the trading hours for NG?

Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET.

How much margin do I need to trade NG?

Margin varies by broker and can rise sharply ahead of weekly storage reports or winter demand swings.

How is P&L calculated for NG?

P&L = (exit price − entry price) ÷ 0.001 tick size × $10.00 tick value × number of contracts. Use the tick value calculator to compute this directly.

NYMEX

Natural Gas (NG) Tick Value & Contract Specs

Tick value $10.00 per tick — 10,000 MMBtu of natural gas.

Natural Gas futures (NG) — 10,000 MMBtu of Henry Hub gas per contract — have earned the nickname 'the widow-maker' honestly. The tick is $0.001 per MMBtu, worth $10 per contract, which sounds tame until you notice the price can move 10 to 30 cents in a session: that is $1,000 to $3,000 per contract in a single day, and weather-driven winters have repeatedly produced moves several times larger than that.

Gas is the most seasonal of the major futures markets. Thursday's EIA storage report, hurricane paths through the Gulf, and cold-snap forecasts each move the price sharply, and the contract's volatility regime can double within weeks. Margins follow. For traders drawn to that movement, the discipline is arithmetic: know exactly what a 10-cent stop costs (100 ticks × $10 = $1,000 per contract) before entry, not after. The calculator below is pre-filled with NG's specs so that conversion takes seconds.

Exchange: NYMEX
Contract size: 10,000 MMBtu of natural gas
Tick size: 0.001
Tick value: $10.00
Point value (multiplier): $10000
Trading hours: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET
Margin: Margin varies by broker and can rise sharply ahead of weekly storage reports or winter demand swings.

Open in the tick value calculator, pre-filled for NG

How NG 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 NG, that is 0.001 × $10000 = $10.00 per tick, per contract.

One contract represents 10,000 MMBtu of natural gas. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.

Frequently asked questions

What is the tick value for NG?: $10.00 per tick — a 0.001 tick size × a $10000 multiplier (point value).
What is one NG contract worth?: One contract represents 10,000 MMBtu of natural gas. Notional value = price × $10000; use the tick value calculator with the current price for an exact figure.
Which exchange lists NG?: Natural Gas (NG) trades on the NYMEX.
What are the trading hours for NG?: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET.
How much margin do I need to trade NG?: Margin varies by broker and can rise sharply ahead of weekly storage reports or winter demand swings.
How is P&L calculated for NG?: P&L = (exit price − entry price) ÷ 0.001 tick size × $10.00 tick value × number of contracts. Use the tick value calculator to compute this directly.

More futures contract specs

See all futures contract specs or use the futures contract & tick value calculator with any symbol or custom specs.

Specs last reviewed 2026-06-01. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.