What is the tick value for YM?

$5.00 per tick — a 1 tick size × a $5 multiplier (point value).

What is one YM contract worth?

One contract represents $5 × the Dow Jones Industrial Average. Notional value = price × $5; use the tick value calculator with the current price for an exact figure.

Which exchange lists YM?

E-mini Dow (YM) trades on the CBOT.

What are the trading hours for YM?

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 YM?

Margin varies by broker and typically moves with volatility — check your broker for current initial/maintenance margin.

How is P&L calculated for YM?

P&L = (exit price − entry price) ÷ 1 tick size × $5.00 tick value × number of contracts. Use the tick value calculator to compute this directly.

CBOT

E-mini Dow (YM) Tick Value & Contract Specs

Tick value $5.00 per tick — $5 × the Dow Jones Industrial Average.

The E-mini Dow (YM) tracks the Dow Jones Industrial Average at $5 per point, with a full 1-point tick — the simplest tick arithmetic of the major index futures. One point equals one tick equals $5, so a 100-point Dow move is exactly $500 per contract. No quarter-point conversions, no mental gymnastics: the price change you see on the chart times five is your P&L in dollars.

That simplicity makes YM a common starting point, but the contract has its own character. The Dow is a price-weighted index of 30 stocks, so a handful of high-priced names can move it in ways that don't mirror the S&P 500. Notional value with the index at 40,000 is $200,000 per contract — comparable to ES — and margin requirements are similar. Traders who want direct Dow exposure with cleaner sizing can still combine YM with the position size calculator; the tick value calculator below is pre-filled with YM's specs.

Exchange: CBOT
Contract size: $5 × the Dow Jones Industrial Average
Tick size: 1
Tick value: $5.00
Point value (multiplier): $5
Trading hours: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 4:15pm–4:30pm ET
Margin: Margin varies by broker and typically moves with volatility — check your broker for current initial/maintenance margin.

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

How YM 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 YM, that is 1 × $5 = $5.00 per tick, per contract.

One contract represents $5 × the Dow Jones Industrial Average. 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 YM?: $5.00 per tick — a 1 tick size × a $5 multiplier (point value).
What is one YM contract worth?: One contract represents $5 × the Dow Jones Industrial Average. Notional value = price × $5; use the tick value calculator with the current price for an exact figure.
Which exchange lists YM?: E-mini Dow (YM) trades on the CBOT.
What are the trading hours for YM?: 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 YM?: Margin varies by broker and typically moves with volatility — check your broker for current initial/maintenance margin.
How is P&L calculated for YM?: P&L = (exit price − entry price) ÷ 1 tick size × $5.00 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.