PA tick value & contract specs
Palladium (PA) futures trade on NYMEX. The price moves in ticks of 0.5, each tick is worth $50 per contract, and a full one-point move is worth $100 per contract.
PA contract specifications
| Symbol | PA |
|---|---|
| Contract | Palladium |
| Exchange | NYMEX |
| Tick size | 0.5 |
| Tick value (per contract) | $50 |
| Point value (per contract) | $100 |
| Ticks per point | 2 |
| Contract size | 100 troy ounces |
| Electronic hours (ET) | Sun–Fri 6:00pm – 5:00pm, daily break 5:00–6:00pm |
Hours shift around US holidays and early closes. Check CME Group's trading-hours page before relying on them for a specific date.
The smaller version, PAM (Micro Palladium), is worth $5 per tick. PAM specs →
PA ticks to dollars
10 ticks × 1 contract = $500
PA tick value table
Dollar value of a move in PA before commissions, at $50 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $50 | $100 | $250 | $500 |
| 4 | $200 | $400 | $1,000 | $2,000 |
| 10 | $500 | $1,000 | $2,500 | $5,000 |
| 20 | $1,000 | $2,000 | $5,000 | $10,000 |
| 40 | $2,000 | $4,000 | $10,000 | $20,000 |
Worked example
You buy 2 PA contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $50 × 2 contracts = $1,000. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$50 per contract. PA moves in increments of 0.5, and each increment changes the value of one contract by $50.
$100 per contract. One point is 2 ticks of 0.5.
No. They are gross values from price movement alone. Your net result is lower by your broker's or prop firm's per-side fees; the fee guide lists current rates.
More contracts: Metals
Futures P&L calculator with PA selectedFutures Position Size Calculator (Free, No Signup) — FillbookFutures Trading Journal: Auto-Sync & Real Tick P&L — FillbookAll futures tick values
These are the tick and point values Fillbook uses to calculate P&L on every logged PA trade. Confirm specifications with the exchange before trading. NYMEX contract specifications