Calendar spread tick versus outright tick, dollars per contract, CME specifications, September 2026

Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-09-16, from Futures Tick Size and Tick Value Explained.

Rows × columns

10 × 4

Computed

2026-09-16

Completeness

No missing values

Source

US exchange, SIP and OPRA market data

Licence

Strasmore terms · free, no signup

Formats

JSON · CSV · the SQL below

What each column holds

Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on 2026-09-16, and the query below is what returned them.

SELECT
    ticker,
    outright_tick_usd,
    spread_tick_usd,
    round(outright_tick_usd / spread_tick_usd, 2) AS outright_to_spread_ratio
FROM
(
    SELECT 1 AS id, 'ES' AS ticker, 12.50 AS outright_tick_usd, 2.50 AS spread_tick_usd
    UNION ALL SELECT 2, 'MES', 1.25, 0.25
    UNION ALL SELECT 3, 'NQ', 5.00, 1.00
    UNION ALL SELECT 4, 'MNQ', 0.50, 0.10
    UNION ALL SELECT 5, 'CL', 10.00, 10.00
    UNION ALL SELECT 6, 'MCL', 1.00, 1.00
    UNION ALL SELECT 7, 'GC', 10.00, 10.00
    UNION ALL SELECT 8, 'MGC', 1.00, 1.00
    UNION ALL SELECT 9, 'ZN', 15.625, 7.8125
    UNION ALL SELECT 10, 'ZB', 31.25, 7.8125
) AS spreads
ORDER BY id