Notional value, tick value, and point P&L for major futures contracts.
Each futures contract has a fixed point value that multiplies price moves. The ES (S&P E-mini) has a $50 point value — a 10-point move on 1 contract = $500 P&L. The MES is the micro version at $5/point, ideal for smaller accounts.
Always confirm current margin requirements with your broker — intraday (day trading) margins are typically 25–50% of overnight margins and vary by broker.