Palladium Futures
Palladium futures describes PA contract mechanics, not a forecast or a recommendation.
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 | PA |
|---|---|
| Exchange | NYMEX |
| Symbol | PA |
| Contract size | 100 troy ounces (official-page highlight; confirm live unit) |
| Tick size / value | $0.50/troy ounce outright = $50 (confirm live tick) |
| Trading hours | Sunday–Friday 5:00 p.m.–4:00 p.m. CT, with a 60-minute break at 4:00 p.m. CT. Official-page highlight; confirm live hours. |
| Listed months | Confirm current listed months on the official exchange contract specifications page. |
| Settlement | Confirm settlement on the live official table. |
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.
The official specifications HTML table could not be re-rendered for the November 10, 2026 source review. These are supplied official-page highlights, not a re-verification of the full table. Confirm unit, tick, hours, months, and settlement on the live exchange table.
Micro, mini, and related smaller contracts
No micro palladium listing is verified here; check the exchange.
Worked tick and 1% example
Hypothetical arithmetic illustration only — not a current price, projection, trading result, or recommendation.
One outright tick changes one PA contract by $50. Four ticks change it by 4 × $50 = $200, in either direction, before costs.
Assume a made-up quotation of 1,000 U.S. dollars per troy ounce. A 1% price change is 10 in those quote units. Multiplying by 100 gives $1,000 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
Automotive demand, substitution, mine supply, and currency changes can move prices.
Reading the Economic Calendar explains scheduled-release timing. Unscheduled news can also move prices; stops do not guarantee an exit price.
Rollover and expiration
Confirm last-trade, delivery/settlement, and notice rules on the live official table.
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?
PA: 100 troy ounces (official-page highlight; confirm live unit); $0.50/troy ounce outright = $50 (confirm live tick).
Is there a smaller related contract?
No micro palladium listing is verified here; check the exchange.
How does settlement and expiration work?
Confirm settlement on the live official table. Confirm last-trade, delivery/settlement, and notice rules on the live official table.
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