---
title: "Platinum Futures | ProFuturesTrader"
url: https://profuturestrader.com/education/futures-markets/platinum-futures
description: "Plain-English platinum futures guide: contract size, ticks, settlement, expiration, and risk. Educational only."
lang: en
---

Precious Metals Futures

# Platinum Futures

Platinum futures describes PL 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 | PL |
| --- | --- |
| Exchange | NYMEX |
| Symbol | PL |
| Contract size | 50 troy ounces (official-page highlight; confirm live unit) |
| Tick size / value | $0.10/troy ounce = $5 (confirm live tick) |
| Trading hours | Sunday–Friday 6:00 p.m.–5:00 p.m. ET, with a 60-minute break at 5:00 p.m. ET. 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.

- Official contract specifications: https://www.cmegroup.com/markets/metals/precious/platinum.contractSpecs.html

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 platinum 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 PL contract by $5. Four ticks change it by 4 × $5 = $20, 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 50 gives $500 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: https://www.cmegroup.com/markets/metals/precious/platinum.contractSpecs.html
·
Margin and Leverage in Futures: https://profuturestrader.com/education/margin-and-leverage

## What moves the market

Automotive demand, industrial use, mine supply, and currency movements can move prices.

Reading the Economic Calendar (https://profuturestrader.com/education/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 (https://profuturestrader.com/education/contract-rollover).

## Frequently asked questions

### What is the contract size and tick value?

PL: 50 troy ounces (official-page highlight; confirm live unit); $0.10/troy ounce = $5 (confirm live tick).

### Is there a smaller related contract?

### 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.

28-day demo: https://profuturestrader.com/demo
Platforms: https://profuturestrader.com/platforms

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 (9499964611) · drathgeber@profuturestrader.com

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