E-mini S&P 500 Futures Contract Specifications
ES · CME · one contract = $50 x index
E-mini S&P 500 futures (ES) trade on CME in 0.25-increment ticks worth $12.50 per contract; a full 1.0-point move is $50.00. One contract covers $50 x index.
Specification table
| Name | E-mini S&P 500 |
| Exchange | CME |
| Ticker symbol | ES |
| Contract unit | $50 x index |
| Tick size | 0.25 |
| Tick value | $12.50 |
| Point value | $50.00 |
| CFTC contract code | 13874A |
| COT report families | legacy, tff |
Worked tick math
A 10-tick move on 1 E-mini S&P 500 contract (ES) is $125.00 — tick size 0.25 × tick value $12.50. A 1-point move is 4 ticks = $50.00. Ten contracts moving 5 ticks = $625.00.
Run your own numbers: E-mini S&P 500 futures calculator.
Positioning: large speculators are net short 16,784 contracts as of the 2026-07-21 COT report — full E-mini S&P 500 COT data.
FAQ
- What is the tick size and value of E-mini S&P 500 futures?
- E-mini S&P 500 (ES, CME) moves in 0.25 increments worth $12.50 per contract.
- What does one ES contract cover?
- One contract covers $50 x index.
- How much is a full point on ES?
- $50.00 — tick value ÷ tick size.
Related
E-mini S&P 500 COT report
E-mini S&P 500 calculator
E-mini S&P 500 COT history (CSV)
All contract specs
All calculators
Specs verified against exchange sources 2026-07-25; the exchange's own contract page is always authoritative. Not investment advice.