MYM Tick Value — $0.50 Per Tick (1 Dow Point × $0.50 Multiplier)
The short answer: The MYM (Micro E-mini Dow Jones) tick value is $0.50.
One minimum price move = 1 full Dow Jones Industrial Average point × $0.50 contract multiplier = $0.50. The full-size YM has the same 1-point tick size but a $5.00 multiplier, making each YM tick worth $5.00 — exactly 10 times the MYM.
How MYM tick value is calculated
Every futures contract has two spec values that determine tick value:
- Tick size: the minimum price increment. For MYM, this is 1.00 Dow Jones Industrial Average point.
- Contract multiplier: the dollar value per point. For MYM, this is $0.50 per Dow point.
Tick value = tick size × multiplier = 1.00 × $0.50 = $0.50
This spec is exchange-defined and consistent with CME’s 1:10 design: the full-size YM uses a $5.00 multiplier and has a tick value of $5.00 (1.00 × $5.00). MYM at $0.50 is exactly one-tenth of YM at $5.00. The MYM is financially (cash) settled — at expiration, positions settle in cash against the final DJIA value, with no physical delivery of underlying stocks.
MYM vs YM: tick value comparison
| Contract | Name | Multiplier | Tick size | Tick value | 1-point move |
|---|---|---|---|---|---|
| MYM | Micro E-mini Dow Jones | $0.50/pt | 1.00 pt | $0.50 | $0.50 |
| YM | E-mini Dow Jones | $5.00/pt | 1.00 pt | $5.00 | $5.00 |
Since both contracts share the same 1-point tick size, a 1-point Dow move equals exactly 1 tick on either contract. At that increment, MYM moves $0.50 and YM moves $5.00. If you hold 10 MYM contracts, the exposure is identical to 1 YM contract.
Spec values verified via AMP Futures contract-specifications page (as of 2026-06-04) and NinjaTrader Micro E-mini Dow contract page (as of 2026-06-04).
P&L worked examples
Example 1 — small move
The Dow rises 50 points while you hold 1 MYM long contract.
- 50 points ÷ 1.0 tick size = 50 ticks
- 50 ticks × $0.50 tick value = $25.00 gross profit
Example 2 — intraday range
MYM drops 300 points against a long position.
- 300 ÷ 1.0 = 300 ticks
- 300 × $0.50 = $150.00 gross loss
Example 3 — scaling with multiple contracts
You hold 5 MYM contracts and the Dow rallies 200 points.
- 200 ÷ 1.0 = 200 ticks
- 200 × $0.50 × 5 contracts = $500.00 gross profit
These are gross figures. Subtract commissions on each round-trip to get net P&L. The commission section below provides per-broker figures.
Per-broker round-trip commission — one MYM contract
A round-trip is one open + one close. Figures below are commission components only unless noted “all-in.” Exchange, clearing, and NFA fees vary and are excluded unless otherwise stated.
| Broker & plan | Per side | Round-trip | Includes exchange fees? | As of |
|---|---|---|---|---|
| Tradovate Free | $0.39 | $0.78 | No | 2026-06 |
| Tradovate Monthly ($99/mo) | $0.29 | $0.58 | No | 2026-06 |
| Tradovate Lifetime ($1,499) | $0.09 | $0.18 | No | 2026-06 |
| NinjaTrader Free (all-in) | $0.95 | $1.90 | Yes (NFA + clearing + commission bundled) | 11/13/2025 |
| NinjaTrader Monthly ($79/mo, all-in) | $0.85 | $1.70 | Yes | 11/13/2025 |
| NinjaTrader Lifetime ($1,499, all-in) | $0.65 | $1.30 | Yes | 11/13/2025 |
| IBKR (Tiered & Fixed, first 1,000/mo) | $0.25 | $0.50 | No (exchange + regulatory fees additional) | 2026-06 |
| tastytrade (open + close, excl. clearing) | $0.75 | $1.50 + $0.60 clearing | No ($0.30/contract clearing + exchange + NFA extra) | 2026-04-06 |
See the full broker commissions guide for the complete breakdown, including the NinjaTrader all-in fee structure and IBKR Tiered step-down detail.
Per-tick cost of trading
Commissions consume ticks. For scalping strategies on MYM, the break-even move in ticks is:
- NinjaTrader Free: $1.90 round-trip ÷ $0.50 tick = 3.8 ticks to break even
- IBKR $0.25/side (exc. exchange fees): $0.50 round-trip ÷ $0.50 tick = 1.0 tick to break even (before exchange fees)
- Tradovate Free (exc. exchange fees): $0.78 ÷ $0.50 = 1.56 ticks to break even
Because MYM has a tick size of 1 full Dow point, these break-even thresholds translate directly to Dow points. NinjaTrader Free requires the Dow to move at least 3.8 points in your favour before a single MYM contract breaks even on commissions alone.
MYM intraday margin
Intraday margin is the deposit required to hold an MYM position during the trading session. Key figures with source dates:
| Broker | MYM intraday margin | As of |
|---|---|---|
| NinjaTrader (Free plan) | $50 per contract | 11/13/2025 |
| Plus500 | $50 per contract | 2026-06-03 |
| Optimus Futures | Starts at $50 | 2026-06-03 |
Intraday margins can be raised in real time during volatile sessions without advance notice. The $50 level is particularly sensitive to rapid DJIA moves. See the micro futures day-trading margins guide for a multi-broker comparison.
Quick reference: MYM tick value = $0.50. Every 1 Dow point = 1 tick = $0.50 per contract. Every 100 points = $50 per contract. Every 1,000 points = $500 per contract.
MYM contract basics
The MYM (Micro E-mini Dow Jones) is listed on the CBOT/CME Globex exchange. Key contract details:
| Spec | MYM value | Source |
|---|---|---|
| Contract size | $0.50 × DJIA index | AMP Futures (2026-06-04) |
| Tick size | 1.00 index point | AMP Futures (2026-06-04) |
| Tick value | $0.50 | AMP Futures (2026-06-04) |
| Settlement | Financially (cash) settled | NinjaTrader (2026-06-04) |
| Trading hours | Sun 5:00 PM – Fri 4:00 PM CT | NinjaTrader (2026-06-04) |
| Expiration months | Quarterly: Mar (H), Jun (M), Sep (U), Dec (Z) | NinjaTrader (2026-06-04) |
| Last trading day | 3rd Friday of contract month | NinjaTrader (2026-06-04) |
For the complete Globex trading-hours schedule, daily maintenance halt times, and CME holiday calendar, see the CME trading hours guide. For quarterly rollover mechanics, see futures rollover dates.
Drill MYM specs with flashcards until they’re automatic.
Start the micro futures deck →Frequently asked questions
- What is the MYM tick value?
- The MYM tick value is $0.50. Each minimum price move of 1 Dow Jones Industrial Average point multiplied by the $0.50 MYM contract multiplier equals $0.50.
- How much is a 100-point Dow move worth on one MYM contract?
- A 100-point move in the Dow Jones equals 100 ticks (the tick size is 1 full point). At $0.50 per tick, that is $50.00 profit or loss per MYM contract, depending on direction.
- How does MYM tick value compare to YM?
- The YM (E-mini Dow Jones) tick value is $5.00 per tick, exactly 10 times the MYM tick value of $0.50. Both contracts have a tick size of 1 full Dow point, but YM uses a $5.00 multiplier versus MYM's $0.50.
- What is the MYM intraday margin at NinjaTrader?
- NinjaTrader's MYM intraday margin is $50 per contract on the Free plan as of 11/13/2025. NinjaTrader can raise this rate in real time during volatile sessions; the rate sheet is stamped 11/13/2025.
- Is the MYM contract cash-settled or physically settled?
- MYM is financially (cash) settled. At expiration, positions are settled in cash against the final settlement value of the Dow Jones Industrial Average index. There is no physical delivery of Dow-component stocks.
- How is MYM tick value calculated?
- MYM tick value = tick size x contract multiplier = 1.00 Dow point x $0.50 = $0.50. The formula applies to all futures: multiply the minimum price increment by the dollar value per contract unit.
Methodology & sources
MYM spec values (tick size, tick value, multiplier) are exchange-defined and confirmed via AMP Futures contract-specifications page (verified 2026-06-04) and NinjaTrader Micro E-mini Dow contract page (verified 2026-06-04). YM full-size tick value ($5.00) confirmed via AMP Futures (2026-06-04). Settlement type (financially settled) confirmed via NinjaTrader contract page (2026-06-04). NinjaTrader commission and margin figures are from the published rate sheet, stamped 11/13/2025. Tradovate commission figures are from tradovate.com/pricing (verified 2026-06). IBKR figures are from the IBKR commissions page (verified 2026-06). tastytrade figures are from the tastytrade commissions PDF (stamped 2026-04-06). Plus500 margin figures from us.plus500.com/en/margins (fetched 2026-06-03). Optimus Futures margins from optimusfutures.com/Margin-Rates.php (fetched 2026-06-03).
- AMP Futures Contract Specifications — AMP Futures, verified 2026-06-04
- NinjaTrader — Micro E-mini Dow (MYM) Contract Page — NinjaTrader, verified 2026-06-04
- NinjaTrader Futures Commissions & Intraday Margins (PDF) — NinjaTrader, stamped 11/13/2025
- Tradovate Pricing — Tradovate, as of 2026-06