ZO tick value & contract specs
Oats (ZO) futures trade on CBOT. The price moves in ticks of 0.25, each tick is worth $12.50 per contract, and a full one-point move is worth $50 per contract.
ZO contract specifications
| Symbol | ZO |
|---|---|
| Contract | Oats |
| Exchange | CBOT |
| Tick size | 0.25 |
| Tick value (per contract) | $12.50 |
| Point value (per contract) | $50 |
| Ticks per point | 4 |
| Contract size | 5,000 bushels |
| Electronic hours (ET) | Sun–Fri 8:00pm – 8:45am, then 9:30am – 2:20pm |
ZO is quoted in cents per unit, so the tick size is in cents and one point is one cent.
Hours shift around US holidays and early closes. Check CME Group's trading-hours page before relying on them for a specific date.
ZO ticks to dollars
10 ticks × 1 contract = $125
ZO tick value table
Dollar value of a move in ZO before commissions, at $12.50 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $12.50 | $25 | $62.50 | $125 |
| 4 | $50 | $100 | $250 | $500 |
| 10 | $125 | $250 | $625 | $1,250 |
| 20 | $250 | $500 | $1,250 | $2,500 |
| 40 | $500 | $1,000 | $2,500 | $5,000 |
Worked example
You buy 2 ZO contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $12.50 × 2 contracts = $250. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$12.50 per contract. ZO moves in increments of 0.25, and each increment changes the value of one contract by $12.50.
$50 per contract. One point is 4 ticks of 0.25.
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: Agricultural
Futures P&L calculator with ZO 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 ZO trade. Confirm specifications with the exchange before trading. CBOT contract specifications