E-mini S&P 500 end-of-month (EOM) options provide a way to avoid early assignment risk and uncertainty using European-style exercise. They also enable you to:

• Accommodate end-of-month accounting practices
• Limit downside risk and maximize upside potential
• Maintain exposure to the key benchmark for large-cap U.S. stocks
• Use a financial tool that accommodates a range of strategies, different market environments and varied objectives

Things to know:

• At expiration, CME Group calculates a special fixing price that determines which options are in-the-money.
  • The price is based on the weighted-average trading price of E-mini S&P 500 futures in the last 30 seconds (2:59:30 – 3:00:00) before the 3:00 p.m. options expiration.
  • This price is disseminated immediately using the symbol “ESF”
• EOM options complement American-style quarterly and serial month options on E-mini S&P 500 futures
• Expiration occurs on the last business day of the month
• Dedicated market makers continuously quote competitive markets
• Contrarian instruction not allowed
• In-the-money options are automatically exercised
• Out-of-the-money are automatically abandoned
• Contracts trade solely electronically on the CME Globex platform
  • Virtually around the clock, around the world
  • Complete price transparency and anonymity
• CME Clearing matches and settles all trades and guarantees counterparty creditworthiness
• You can track prices on this product around the clock by viewing free live quotes