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Futures contract reference · MES

MES tick value and position size.

MES is the Micro E-mini S&P 500 contract. One tick on MES is 0.25 points, worth $1.25 per contract. A full point is $5.00. Below: the MES specification, a position-size calculator set to MES, and the arithmetic behind both.

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MES specification

MES in dollars.

SymbolMES
ContractMicro E-mini S&P 500
Dollars per point$5.00
Tick size0.25
Dollars per tick$1.25
Ticks per point4
Sibling contractES, the larger contract ($50.00 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

MES stop distance in dollars.

TicksPoints$ per contract
10.25$1.25
41$5.00
102.5$12.50
205$25.00
4010$50.00
10025$125.00

Before costs. Each row is ticks × 0.25 = points, and points × $5.00 = dollars per contract.

Questions

MES in one line each.

How much is one tick on MES?

One MES tick is 0.25 points and is worth $1.25 per contract.

What is one point on MES worth?

$5.00 per contract for every 1.00 move in price. One point is 4 ticks of 0.25.

How many MES 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 MES contract risks $51.50, so $1,000.00 allows 19, rounded down.

What is the larger version of MES?

ES. It moves $50.00 per point against $5.00 for MES, so 10 MES carry the point value of one ES.

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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