Symbols & Products
YM (E-mini Dow)
The E-mini Dow Jones futures contract, ticker YM. $5 per point with 1 point ticks, giving it the smallest tick value of the major index futures.
In plain English
YM tracks the Dow Jones Industrial Average at $5 per point, ticking in whole points. The small tick value makes dollar risk easy to reason about: 100 points is $500 per contract.
YM trades thinner than ES, with wider effective spreads at speed. Prop traders who choose it usually cite its cleaner respect of round numbers and its calmer pace versus NQ.
- Long 3 YM for a 60 point move earns 60 x $5 x 3 = $900.