Emini Dow Jones Futures
Emini dow jones refers here to E-mini Dow Jones futures on the DJIA.
Educational only, not a recommendation to buy or sell any contract or a solicitation to open an account. Futures and options trading involves substantial risk of loss. You can lose more than your initial deposit.
Contract specifications
| Specification | YM |
|---|---|
| Exchange | CBOT |
| Symbol | YM |
| Contract size | $5 × Dow Jones Industrial Average |
| Tick size / value | 1.00 index point = $5 |
| Trading hours | Confirm current hours on the official exchange contract specifications page; holiday schedules may differ. |
| Listed months | Quarterly; the Micro E-mini FAQ describes four quarterly MYM months. Confirm listings. |
| Settlement | Cash-settled. |
Last verified November 10, 2026.
This is the supplied source-note date, not confirmation of every live field. Dated sources and fields requiring exchange confirmation are identified below.
YM multiplier and tick are in CBOT Rulebook Chapter 27.
Micro, mini, and related smaller contracts
Micro E-mini Dow (MYM): $0.50 × DJIA, tick 1.00 = $0.50. Confirm hours and the four quarterly listings on the official MYM page.
Worked tick and 1% example
Hypothetical arithmetic illustration only — not a current price, projection, trading result, or recommendation.
One outright tick changes one YM contract by $5. Four ticks change it by 4 × $5 = $20, in either direction, before costs.
Assume a made-up quotation of 40,000 index points. A 1% price change is 400 in those quote units. Multiplying by 5 gives $2,000 for one contract. The same move against a position produces a loss of that amount before costs.
Commissions, fees, bid-ask spreads, and slippage are excluded. Leverage can lead to losses larger than your deposit; a 1% price move is not a 1% account-equity move.
Margin and leverage
Margin is a performance bond, not the purchase price or a limit on loss. Exchange requirements and carrying-firm requirements can change; the firm may require more and may liquidate positions when requirements are not met. No margin dollar amounts are quoted here.
Official exchange product and margin information · Margin and Leverage in Futures
What moves the market
Constituent earnings, economic releases, and interest-rate expectations can move the price-weighted DJIA.
Reading the Economic Calendar explains scheduled-release timing. Unscheduled news can also move prices; stops do not guarantee an exit price.
Rollover and expiration
Final settlement day is the third Friday of the delivery month, or the preceding business day if the index is not scheduled. Confirm the exchange calendar.
A roll closes one contract month and opens another; spreads, costs, and execution risk remain. Firm deadlines may be earlier than exchange deadlines. See Contract Rollover, First Notice Day, and Last Trading Day.
Frequently asked questions
What is the contract size and tick value?
YM: $5 × Dow Jones Industrial Average; 1.00 index point = $5.
Is there a smaller related contract?
Micro E-mini Dow (MYM): $0.50 × DJIA, tick 1.00 = $0.50. Confirm hours and the four quarterly listings on the official MYM page.
How does settlement and expiration work?
Cash-settled. Final settlement day is the third Friday of the delivery month, or the preceding business day if the index is not scheduled. Confirm the exchange calendar.
Does a smaller contract or a stop remove risk?
No. Futures remain leveraged; you can lose more than your initial deposit. Smaller contracts change dollar exposure, not market direction. Stops do not guarantee a fill at the stop price.
Talk it through, if that would help
Ask about contract mechanics or practicing with simulated funds. There is no obligation to open an account.
Demo accounts use simulated funds. Demo results do not reflect real trading and are not indicative of future results. Features, terms, and availability can change.
Drew Rathgeber, President
949-996-4611 · drathgeber@profuturestrader.com