Advantages of Weekly and End-of-Month Equity Index Options

Advantages of Weekly and End-of-Month Equity Index Options

Through its CME exchange, CME Group delivers trading and hedging efficiencies through a comprehensive suite of E-mini S&P 500 and S&P 500 futures and options on futures. Trading shorter-term options has become popular among market participants. These short-term contracts offer several advantages while complementing traditional serial and quarterly options, and versatility for use in pursuing a variety of trading strategies . Learn more about these flexible trading tools.

Shorter-term Expirations
This suite of options on E-mini S&P 500 and S&P 500 futures includes up to 5 distinct option expiration dates each month

  • Three weekly options (weeks 1, 2 and 4) with a Friday expiration
  • A quarterly or serial option (week 3), with a Friday expiration
  • An EOM option that expires on the last business day of the month

European and American-Style Options

  • EOM and weekly options on E-mini S&P 500 and S&P 500 futures are European-style options, restricting the option buyer’s exercise rights to the expiration day
  • Cycle month & serial month options on E-mini S&P 500 and S&P 500 futures are American-style

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