Senzoukria · Futures contracts

ESZ7 expiry: December 17, 2027

ESZ7 is the December 2027 delivery of E-mini S&P 500 on CME. Its last trading day is December 17, 2027, and the app moves its default to the next listed month on December 9, 2027, 8 calendar days earlier. One tick is 0.25, worth $12.50, on a multiplier of 50.

Updated September 2026First published 16 October 2026

On this page
  1. Contract specifications
  2. When ESZ7 stops trading
  3. When the volume actually leaves
  4. What one tick is worth on ESZ7
  5. Every ES delivery listed in 2027
  6. ESZ7 and MESZ7 side by side
  7. Related pages
  8. In the same section
  9. This page in other languages
  10. Frequently asked questions

Contract specifications

Contract symbol
ESZ7
Product
E-mini S&P 500 (ES)
Exchange
CME
Delivery month
December 2027 (code Z)
Last trading day
December 17, 2027
Default rolls on
December 9, 2027 (8 days before)
Tick size
0.25
Tick value
$12.50
Point value
$50.00
Next delivery
first 2028 contract

When ESZ7 stops trading

Trading terminates at 9:30 a.m. ET on the third Friday of the contract month. For ESZ7 that falls on December 17, 2027.

Senzoukria stops offering ESZ7 as the default contract on December 9, 2027, 8 calendar days before that last trading day, and keeps it selectable with a badge. The date is computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date that falls next to a public holiday can be one day off the exchange calendar. Check the exchange calendar when the date sits close to a holiday.

When the volume actually leaves

Equity index liquidity moves to the next quarter in a single week, usually the one that contains the roll date. Order flow read on the old contract after that week is thin and misleading: the book empties, prints get sparse, and a footprint built on it shows gaps that are an artefact of the roll rather than of the auction.

ESZ7 is the last 2027 delivery listed for ES, so the volume moves into the first 2028 contract.

What one tick is worth on ESZ7

The minimum price fluctuation is 0.25, which is $12.50 per contract on a multiplier of 50. A full point is therefore $50.00. On a footprint chart one row is one tick, so the same vertical space holds a different number of rows depending on the product: a tick of 0.25 sets how finely the bid and ask volume of ES can be read.

These are the values the app itself trades on, taken from its contract table rather than retyped, so the P&L shown on a ESZ7 position and the rows of its footprint come from the same numbers.

Every ES delivery listed in 2027

ES lists 4 delivery months a year (H, M, U, Z). ESZ7 is number 4 of 4 in 2027.

ES 2027: last trading day and roll date of every listed delivery
ContractDeliveryLast trading dayDefault rolls on
ESH7Mar 2027Mar 19, 2027Mar 11, 2027
ESM7Jun 2027Jun 18, 2027Jun 10, 2027
ESU7Sep 2027Sep 17, 2027Sep 9, 2027
ESZ7 (this page)Dec 2027Dec 17, 2027Dec 9, 2027

ESZ7 and MESZ7 side by side

ES and MES track the same underlying, but ES is 10 times the size of MES: $12.50 a tick against $1.25. Both quote on the same 0.25 tick. ESZ7 and MESZ7 share the same last trading day, December 17, 2027, so a position in either rolls on the same date.

The practical difference is position sizing rather than behaviour. MES lets a 10-contract position carry the same exposure as one ES, which makes partial exits possible on a small account; ES carries the deeper book, so its footprint and its depth of market are the ones to read even when the position is held in MES.

In the same section

This page in other languages

Frequently asked questions

When does ESZ7 expire?
The last trading day of ESZ7 is December 17, 2027. Trading terminates at 9:30 a.m. ET on the third Friday of the contract month.
When should I roll out of ESZ7?
The app switches its default to the next listed month on December 9, 2027. In practice the volume moves before the calendar does, so compare the traded volume and open interest of the two months rather than waiting for the last trading day.
How much is one tick of ESZ7 worth?
One tick of 0.25 is $12.50 per contract, and a full point is $50.00, on a multiplier of 50.
NEXT

Keep reading