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Futures contract reference · ES

ES tick value and position size.

ES is the E-mini S&P 500 contract. One tick on ES is 0.25 points, worth $12.50 per contract. A full point is $50.00. Below: the ES specification, a position-size calculator set to ES, and the arithmetic behind both.

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ES specification

ES in dollars.

SymbolES
ContractE-mini S&P 500
Dollars per point$50.00
Tick size0.25
Dollars per tick$12.50
Ticks per point4
Sibling contractMES, the smaller contract ($5.00 per point)

Read from TradingView’s own symbol data for the continuous contract. Exchanges can change contract terms, so check your broker’s specification before sizing real money.

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Ticks, points and dollars

ES stop distance in dollars.

TicksPoints$ per contract
10.25$12.50
41$50.00
102.5$125.00
205$250.00
4010$500.00
10025$1,250.00

Before costs. Each row is ticks × 0.25 = points, and points × $50.00 = dollars per contract.

Questions

ES in one line each.

How much is one tick on ES?

One ES tick is 0.25 points and is worth $12.50 per contract.

What is one point on ES worth?

$50.00 per contract for every 1.00 move in price. One point is 4 ticks of 0.25.

How many ES contracts does a $1,000.00 risk budget allow?

It depends on the stop. With a 40-tick stop (10 points) and $1.50 of costs per contract, each ES contract risks $501.50, so $1,000.00 allows 1, rounded down.

What is the smaller version of ES?

MES. It moves $5.00 per point against $50.00 for ES, so one ES carries the point value of 10 MES. Both tick in steps of 0.25.

Does the calculator place a trade or connect to a broker?

No. It is arithmetic that runs in your browser. Nothing you type is sent anywhere, and nothing here places, routes or manages an order.

Other contracts

The same page for every contract.

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