Futures Tick Size and Tick Value Explained
Worked P&L examples: ticks moved x tick value x contracts (hypothetical)table ·
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Worked P&L examples: ticks moved x tick value x contracts (hypothetical)
Worked P&L examples: ticks moved x tick value x contracts (hypothetical)
| example | ticks_moved | tick_value_usd | contracts | pnl_usd |
|---|---|---|---|---|
| ES up 4.50 points, 1 contract | 18 | 12.5 | 1 | 225 |
| ES up 4.50 points, 3 contracts | 18 | 12.5 | 3 | 675 |
| MES up 4.50 points, 1 contract | 18 | 1.25 | 1 | 22.5 |
| CL down 0.85 per barrel, long 1 contract | -85 | 10 | 1 | -850 |
| MCL down 0.85 per barrel, long 1 contract | -85 | 1 | 1 | -85 |
| ZN up 8/32 (110-16 to 110-24), 1 contract | 16 | 15.625 | 1 | 250 |
| ZB down 12/32 (118-00 to 117-20), long 1 contract | -12 | 31.25 | 1 | -375 |
the exact SQL behind every number
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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