---
title: E-mini Dow Futures (YM) Contract Specifications
description: YM product specs
---

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# E-mini Dow Futures (YM) Contract Specifications

#### What you're trading

The E-mini Dow $5 future (YM) gives you exposure to the Dow Jones Industrial Average — a price-weighted index of 30 large, established U.S. companies across multiple sectors. Because the DJIA is price-weighted rather than cap-weighted, higher-priced component stocks exert more influence on the index than larger-cap names. YM is used to hedge blue-chip equity exposure, trade sector rotations, and take directional views on U.S. large-cap value-oriented industries.

#### Contract size

$5 × DJIA Index. With the DJIA near 46,000, one YM contract carries a notional value of roughly $230,000.

#### Tick value

Minimum price fluctuation is 1.00 index point, and each tick is worth $5.00 per contract. Because the tick is a full index point (not a fraction), YM is the most straightforward of the four E-mini equity index contracts to calculate P&L on.

#### Trading hours

CME Globex: Sunday 5:00 p.m. CT through Friday 4:00 p.m. CT, with a daily maintenance halt from 4:00 p.m. to 5:00 p.m. CT Monday through Thursday.

#### Settlement type

Cash-settled. Contracts expire quarterly on the third Friday of March, June, September, and December, settling to the Special Opening Quotation of the DJIA. No physical delivery.

#### Margin snapshot

YM margin is typically lower than ES or NQ because of its smaller contract size relative to those products.

| **Initial margin (overnight)** | ~$10,000–$12,000 per contract (approximate; varies with volatility) |
| --- | --- |
| **Maintenance margin** | ~$9,000–$11,000 per contract |
| **Day-trade margin** | Broker-set; often a fraction of overnight margin |
| **Notional value (reference)** | ~$230,000 at index 46,000 |

*Margins change with market volatility and vary by broker. The figures above are approximate and for reference only — always confirm current requirements with MetroTrade support or on the CME margin page before trading.*

#### Related learning

- CME official contract specifications: [E-mini Dow Futures Contract Specs](https://www.cmegroup.com/markets/equities/dow-jones/e-mini-dow.contractSpecs.html)
- [Micro E-mini Dow (MYM) — 1/10th the size of YM](https://www.cmegroup.com/markets/equities/dow-jones/micro-e-mini-dow.contractSpecs.html)
- [CME initial margin requirements (all products)](https://www.cmegroup.com/clearing/margins/)
- https://www.metrotrade.com/margins/

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