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E-mini S&P 500 (ES) Futures Contract Specifications

Understanding the contract specifications for E-mini S&P 500 (ES) futures (ES) is essential for effective trading and risk management. This comprehensive guide covers all the critical details you need including tick values, contract sizes, trading hours, and position sizing strategies to help you trade E-mini S&P 500 (ES) futures successfully.

What Are E-mini S&P 500 (ES) Futures?

E-mini S&P 500 Futures (ES) provide traders with exposure to the S&P 500 Index, a benchmark for 500 large-cap U.S. companies. These contracts are ideal for traders looking to hedge portfolio risk or speculate on the movements of the broader U.S. equity market.

The E-mini S&P 500 (ES) futures contract (ES) is traded on major exchanges and provides traders with opportunities to profit from price movements in the stock indices market. Understanding the contract specifications is crucial for proper position sizing and risk management when trading these instruments.

Contract Size

Contract Size: $50 multiplied by the S&P 500 Index value

Example: This contract size allows traders to gain exposure to stock indices with controlled leverage and risk. Understanding the contract size is fundamental to calculating your position size and managing your trading capital effectively.

Tick Value and Increment

  • Tick Size: 0.25 index points
  • Tick Value: $12.50 per tick
  • Point Value: $50.00 per point

These specifications make E-mini S&P 500 (ES) futures suitable for traders seeking exposure to stock indices markets.

The tick value represents the minimum price fluctuation, which directly impacts your profit and loss calculations. Knowing these values is essential for setting stop losses and calculating risk per contract.

Trading Hours

E-mini S&P 500 (ES) futures trade with extended hours, providing flexibility for traders in different time zones and allowing you to react to global market events.

  • Exchange: CME
  • Trading Hours: Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT)
  • Time Zone: Central Time (CT)

Trading Symbol

Platform Symbol: ES

Margin Requirements

To trade E-mini S&P 500 (ES) futures, you'll need to meet specific margin requirements. Margin requirements can vary based on your broker and account type.

Initial margin is the amount required to open a position, while maintenance margin is the minimum account balance needed to keep the position open. Check with your broker for current margin rates.

Why Trade E-mini S&P 500 (ES) Futures?

  • High liquidity for efficient trade execution
  • Smaller contract size compared to full-size S&P 500 Futures makes ES accessible to more traders
  • Exposure to the broader U.S. stock market within a single instrument
  • Suitable for both short-term trading strategies and long-term portfolio hedging
  • Protection against movements in the U.S. stock market

Risk Management for E-mini S&P 500 (ES) Futures

Effective risk management is crucial when trading E-mini S&P 500 (ES) futures. Here are key considerations:

  • Position Sizing: Never risk more than 1-2% of your account on a single trade. Use our position size calculator to determine the appropriate number of contracts.
  • Stop Loss Orders: Always use stop loss orders to limit potential losses. Calculate your stop loss distance based on the point value and tick size.
  • Account Balance: Ensure you have adequate capital to meet margin requirements and handle drawdowns. Consider starting with micro contracts if you're new to futures trading.

Position Sizing for E-mini S&P 500 (ES) Futures

Proper position sizing is crucial when trading E-mini S&P 500 (ES) futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.

Position Size Calculator Example

For E-mini S&P 500 (ES) futures (ES):

  • Tick Size: 0.25 index points
  • Tick Value: $12.50 per tick
  • Point Value: $50.00 per point

If you want to risk $500 with a 10-point stop loss:

Risk per Contract = Stop Loss in Points × Point Value = 10 × 50.00 per point = $500

Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $500 = 1 contract

Try our position size calculator for precise calculations →

Related Futures Contracts

Explore other futures contracts in the Stock Indices category and beyond:

View All ContractsPosition Size Calculator
Next: Micro E-mini S&P 500 (MES)

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