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Contract specifications
- Product
- Micro Russell 2000 (M2K)
- Exchange
- CME
- Year
- 2027
- Deliveries listed
- 4
- First of the year
- M2KH7 (Mar 19, 2027)
- Last of the year
- M2KZ7 (Dec 17, 2027)
- Tick size
- 0.1
- Tick value
- $0.50
- Point value
- $5.00
Every M2K delivery listed in 2027
M2K trades 4 delivery months in 2027 (H, M, U, Z). Dates are computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date next to a public holiday can be one day off the exchange calendar.
The letter in a contract symbol is its delivery month: H = March, M = June, U = September, Z = December. The digit that follows is the year.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| M2KH7 | Mar 2027 | Mar 19, 2027 | Mar 11, 2027 |
| M2KM7 | Jun 2027 | Jun 18, 2027 | Jun 10, 2027 |
| M2KU7 | Sep 2027 | Sep 17, 2027 | Sep 9, 2027 |
| M2KZ7 | Dec 2027 | Dec 17, 2027 | Dec 9, 2027 |
The rule that sets these dates
Trading terminates at 9:30 a.m. ET on the third Friday of the contract month.
When the volume moves between these months
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.
What one tick of M2K is worth
The minimum price fluctuation is 0.1, which is $0.50 per contract on a multiplier of 5. A full point is $5.00. These are the values the app itself trades on, so the rows of a M2K footprint and the P&L on a M2K position come from the same numbers.
Related pages
- M2K — Micro E-mini Russell 2000
- M2KH7
- M2KM7
- M2KU7
- Contract roll
- Futures month codes
- Front month contract
- Tick value
- Quarterly expiry
- AM/PM settlement
In the same section
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Frequently asked questions
- When do M2K futures expire in 2027?
- M2K has 4 listed deliveries in 2027. The first last trading day is March 19, 2027 and the last is December 17, 2027. The table above gives every month in between.
- How many M2K contracts are listed in 2027?
- 4, on the delivery month codes H, M, U, Z.
- Which M2K contract should I be trading?
- The one carrying the volume, which is usually the nearest delivery that has not reached its roll date. Compare the traded volume and open interest of the two nearest months rather than going by the last trading day alone.