PL Futures (Platinum): Tick Value, Expiries, Order Flow

PL contract specifications

The contract unit is 50 troy ounces, quoted in dollars and cents per troy ounce. The minimum fluctuation is $0.10 per troy ounce, so one tick is worth $5 per contract and a one-dollar move is $50. Open contracts are settled by delivery during the delivery month. Senzoukria's contract table holds the same tick and multiplier on the NYMEX venue code.

PL expiry: first notice day and last trading day

No trades are made after the third-to-last business day of the delivery month. Delivery can take place on any business day of that month, so notices begin on first notice day, the last business day of the previous month.

Senzoukria's picker does not wait for either date. Its expiry engine lists a metal contract only until the third-to-last business day of the month before delivery, two business days ahead of first notice day, so that a deliverable contract is never proposed as the default. On September 25, 2026 the picker already defaults to PLF7 and still lists PLV6 with an "exp" badge until September 28, 2026, the last day its engine gives that contract. For PLF7, the default moves to the next listed month on December 25, 2026 (4 calendar days before December 29, 2026), and PLF7 stays selectable with its badge until that date. The exchange calendar also lists other months (U, X, Z); Senzoukria's catalogue uses F, J, N, V to choose its default contract.

PL tick value and P&L arithmetic

• One tick = $0.10 × 50 = $5.
• 10 ticks ($1.00 per troy ounce) = $50 per contract.
• A stop of $10.00 per troy ounce is 100 ticks: $500 per contract, $1,000 on 2 contracts.
• The same $10.00 on GC is $1,000 per contract.

Reading PL order flow

With row resolution off, a PL footprint has one row per $0.10 tick. The fixed steps give 2 ticks = 0.2, 4 ticks = 0.4, 8 ticks = 0.8, 16 ticks = 1.6, 32 ticks = 3.2 dollars per troy ounce per row; grouping keeps totals exact but moves the POC from a price to a row.

Platinum is listed on NYMEX, not COMEX, and Senzoukria subscribes to it with the NYMEX venue code from its contract table; the same root sent to COMEX would return an empty book. The ten-cent tick is worth $5 on 50 ounces, and, as with gold, ten ticks make a dollar, so no power-of-two row step equals exactly $1. The catalogue lists the January, April, July and October months.

Using PL in Senzoukria

• Symbol picker on a Rithmic or Databento CME source: type PL; on September 25, 2026 the listed contract is PLF7 (January 2027).
• Heatmap and DOM show that contract's book, with NYMEX as the venue in the ladder header and prices printed with 1 decimal, the precision of the tick.
• Replay lists PL in the Metals group. In the automatic backtest, set Point value ($) to 50, the dollar value of a one-dollar move; the field defaults to 2.