Equity Index & Stock Index Options on Futures

Deep Levels of Options Liquidity to Cover a Variety of Trading Needs

Record One Million+ Contracts Traded on January 24, 2014

With more than 363,000 contracts traded daily, our Equity Index Options on Futures products offer the liquidity, market depth and extensive product choice to suit a variety of institutional trading strategies. Choose from:

  • Contracts on leading stock indexes like the S&P 500, NASDAQ-100, and Dow Jones Industrial Average
  • Standard-size or smaller, electronically traded E-mini contracts
  • American-style quarterly and serial months
  • European-style end-of-month, short-dated weekly and FLEX
    option expirations
View new Volatility
Surface Report

Key Benefits

  • Potential margin offsets on futures and options strategies
  • Active liquidity pools on the screen and the floor
  • Spreading capabilities on the screen
  • Counterparty risk mitigation of centrally cleared products


Record Monthly ADV for Options –531,000+/Day

Tools and Information

Record Monthly ADV for Options –531,000+/Day

Strategies and Research

Product Summary - Equity Index Options

(in index points)
(Day of Contract Month)
E-mini S&P 500 options  ($50) ES $50 A 0.25=$12.50 for premium >5.00
0.05=$2.50 for premium < or =5.00
3rd Friday 
End-of-Month E-mini S&P 500 options  EW $50 E same as above Last business day 
Weekly E-mini S&P 500 options EW1, EW2, EW4 $50 E Same as above 1st, 2nd & 4th Fridays 
S&P 500 options CS (calls)
PS (puts)
$250 A 0.10=$25.00 for premium >5.00
0.05=$12.50 for premium < or =5.00
Q: Thursday prior to 3rd Friday
S: 3rd Friday 
End-of-Month S&P 500 options EV $250 E same as above Last business day 
Weekly S&P 500 options EV1, EV2, EV4 $250 E same as above 1st, 2nd & 4th Fridays 
E-mini NASDAQ-100 options NQ $20 A 0.25=$5.00 for premium >3.00
0.05=$1.00 for premium < or =3.00
3rd Friday of month
Weekly E-mini NASDAQ-100 options QN1, QN2, QN4, QN5 $20 E same as above 1st, 2nd, 4th & 5th* Fridays
*when applicable
NASDAQ-100 options ND $100 A 0.25=$25.00 for premium >3.00
0.05=$5.00 for premium < or =3.00
Q:  Thursday prior to 3rd Friday
S:  3rd Friday 
Weekly NASDAQ-100 options DN1, DN2, DN4, DN5 $100 E same as above 1st, 2nd, 4th & 5th* Fridays
*when applicable
E-mini Dow ($5) options OYMC (calls)
OYMP (puts)
$5 A 1.00=$5.00 3rd Friday 
DJIA $10 options Floor: DJC (calls), DJP (puts)
GLOBEX: OZDP (calls), OZDP (puts)
  A 1.00=$10.00 3rd Friday 
E-mini S&P MidCap 400 options EMD $100 A 0.05=$5.00 3rd Friday
E-mini S&P SmallCap 600 options SMC $100 A 0.10-$10.00 3rd Friday
Nikkei 225 USD options KN (Calls)
JN (Puts)
$5 A 5.00 index points=$25.00 Q:  Thursday prior to 2nd Friday
S:  3rd Friday 

OO = Open Outcry
GLBX = CME Globex
A = American style exercise
E = European-style exercise
Q=Quarterly; S= Serial


Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

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