STRASMORE/EXPLORE 3,293 QUERIES

Worked P&L examples: ticks moved x tick value x contracts (hypothetical)

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.

as of table 7×5read in context →
Worked P&L examples: ticks moved x tick value x contracts (hypothetical) — 7 rows by 5 columns, computed from US exchange, SIP and OPRA data.
exampleticks_movedtick_value_usdcontractspnl_usd
ES up 4.50 points, 1 contract1812.51225
ES up 4.50 points, 3 contracts1812.53675
MES up 4.50 points, 1 contract181.25122.5
CL down 0.85 per barrel, long 1 contract-85101-850
MCL down 0.85 per barrel, long 1 contract-8511-85
ZN up 8/32 (110-16 to 110-24), 1 contract1615.6251250
ZB down 12/32 (118-00 to 117-20), long 1 contract-1231.251-375
Rows × columns
7 × 5
Computed
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

Column definitions for Worked P&L examples: ticks moved x tick value x contracts (hypothetical), derived from the stored result.
ColumnTypeRangeNotes
example text 7 distinct values
ticks_moved number -85 to 18
tick_value_usd number 1 to 31.25 US dollars
contracts number 1 to 3 count
pnl_usd number -850 to 675 US dollars

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 , and the query below is what returned them.

Run it yourself

This is the exact query behind the result above. Change a ticker, a date or a column and run it against the warehouse — no account, no key. The no-signup tier is smaller than the one this page was computed on; a query that reaches past it comes back saying which plan runs it.

SELECT
    example,
    ticks_moved,
    tick_value_usd,
    contracts,
    ticks_moved * tick_value_usd * contracts AS pnl_usd
FROM
(
    SELECT 1 AS id, 'ES up 4.50 points, 1 contract' AS example, 18 AS ticks_moved, 12.50 AS tick_value_usd, 1 AS contracts
    UNION ALL SELECT 2, 'ES up 4.50 points, 3 contracts', 18, 12.50, 3
    UNION ALL SELECT 3, 'MES up 4.50 points, 1 contract', 18, 1.25, 1
    UNION ALL SELECT 4, 'CL down 0.85 per barrel, long 1 contract', -85, 10.00, 1
    UNION ALL SELECT 5, 'MCL down 0.85 per barrel, long 1 contract', -85, 1.00, 1
    UNION ALL SELECT 6, 'ZN up 8/32 (110-16 to 110-24), 1 contract', 16, 15.625, 1
    UNION ALL SELECT 7, 'ZB down 12/32 (118-00 to 117-20), long 1 contract', -12, 31.25, 1
) AS examples
ORDER BY id
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