| Opening Date |
5/21/2006 |
| Ticker Symbol |
EW = ticker /clearing code
ESF= Special fixing price
View product and vendor codes |
| Contract Size |
One E-mini S&P 500 futures contract |
| Strike Price Interval |
Deferred: 25-point intervals and 10-point intervals.
Once the contract becomes the second nearest
contract, 5-point intervals will be available |
| Tick Size (minimum fluctuation) |
OUTRIGHT
0.25=$12.50 for premium >5.00
HALF TICK
0.05=$2.50 for premium < or =5.00
CAB
0.05=$2.50
|
Trading Hours
(All time listed are Central Time) |
CME Globex (Electronic Platform)
MON-THURS: 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m. (Daily maintenance shutdown 4:30 p.m.-5:00 p.m.)
SUN: 5:00 p.m.-3:15 p.m.
|
| Contract Months |
Six consecutive calendar months
View Listings |
| Strike Listing |
CME Globex
All strikes interval
|
Last Trade
Date/Time
View Calendar |
CME Globex
3:00PM CT Last Business day of month
|
| Exercise Procedure |
European Style. On expiration day, all in-the-money options as of 3:00 p.m. CT
will be automatically exercised. Contrarian instructions are not allowed.
Exercisable only on expiration day. |
| Expiration Date |
Last business day of the contract month. |
| Settlement at Expiration |
Option exercise results in a position in the underlying cash-settled Futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 3:00 p.m. CT price fixing based on the weighted average traded price of E-mini S&P 500 futures in the last 30 seconds of trading on expiration day (2:59:30 p.m. – 3:00:00 p.m. CT) will be used to determine which options are in-the-money. |
| Daily Price Limits |
RTH: Successive 10%, 20%, 30% limits (downside only)
ETH (overnight): 5% up or down
View price limits details. |
| Position Limits |
Work in conjunction with existing S&P 500 futures and options position limits |
| Fee Waivers/ Discounts |
Reduced fees for spread-trade E-mini options |
| Rulebook Chapter |
358 A |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
