Convert a futures contract’s tick size and tick value into dollar value per point and total position sensitivity.
STEP-BY-STEP
How to use this tool
- Select the exact futures or micro-futures contract month and symbol.
- Copy minimum tick size and dollar tick value from the current contract specification.
- Enter the point movement you want to evaluate.
- Enter the whole-number contract quantity and round-turn fees.
- Review per-contract and total position point value.
- Use the Futures Tick Value and Contract Quantity tools before planning risk.
WORKED EXAMPLE
See the calculation in context
A contract with a 0.25-point tick and $5 tick value has four ticks per point and a $20 point value per contract. Two contracts move about $40 per full point before fees.
Calculation method
Ticks per point = 1 ÷ minimum tick size. Point value per contract = ticks per point × dollar tick value. Position point value = point value per contract × contracts.
AVOID THESE ERRORS
Common mistakes
- Using the full-size contract value for a micro contract
- Confusing index points with ticks
- Assuming every contract has four ticks per point
- Using an expired or different contract specification
- Ignoring fees when evaluating small targets
- Entering fractional contracts when the product trades whole contracts
FREQUENTLY ASKED
Questions and answers
What is the difference between a tick and a point?
A tick is the minimum allowed price increment; a point is a larger standardized price movement that may contain multiple ticks.
Do micro futures have the same point value?
No. Micro contracts usually have smaller tick and point values; verify the exact symbol.
Can I use this for forex CFDs?
Not reliably. CFDs can use different contract, point, and currency-conversion rules.