S&P 500 End-of-Month Options

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S&P 500 End-of-Month Options Options

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Contract Specifications

Type

S&P 500 End-of-Month Options

Opening Date	5/21/2006
Ticker Symbol	EV= Ticker/Clearing code ESF= Special fixing price View product and vendor codes
Contract Size	One S&P 500 futures contract
Strike Price Interval	Deferred: 25-point intervals and 10-point intevals. Once the contract becomes the second nearest contract, 5-point intervals will be available
Tick Size (minimum fluctuation)	OUTRIGHT 0.10=$25.00 for premium >5.00 HALF TICK 0.05=$12.50 for premium < or =5.00
Trading Hours (All times listed are Central Time)	Open Outcry MON-FRI: 8:30 a.m. – 3:15 p.m. CME Globex (Electronic Platform) MON-THURS 3:30 p.m. – 8:15 a.m. (Daily maintenance shutdown from 4:30 p.m. – 5:00 p.m.) SUN: 5:00 p.m. – 8:15 a.m.
Contract Months View Listings	Six consecutive calendar months
Strike Listing	Open Outcry All strikes intervals CME Globex (Electronic Platform) 12 strikes up and down, and including the strike nearest the money
Last Trade Date/Time View Calendar	Open Outcry 3:00 p.m. CT Last Business day of month CME Globex (Electronic Platform) 8:15 a.m. CT Last Business day of the 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	351 A
Exchange Rule	These contracts are listed with, and subject to, the rules and regulations of CME.