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E-mini Russell 2000 Options Contract Specs

Options
Contract Unit One E-mini Russell 2000 futures contract
Minimum Price Fluctuation Regular Tick: 0.10 index points ($5.00) for premium > 5.00 index points
Reduced Tick: 0.05 index points ($2.50) for premium at or below 5.00 index points
CAB: 0.05 index points ($2.50)
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with  trading halt 4:15 p.m. - 4:30 p.m.
CME Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET
Product Code CME Globex: RTO
CME ClearPort: RTO
Clearing: RTO
Listed Contracts 3 months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Termination Of Trading 9:30 a.m. ET on the 3rd Friday of the contract month
Position Limits CME Position Limits
Exchange Rulebook CME 393A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures

At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures

Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Exercise Procedure American Style. An option can be exercised until 8:00 p.m. ET on any business day the option is traded
Settlement At Expiration Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 8:00 p.m. ET on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month.
Settlement Method Deliverable
Underlying E-mini® Russell 2000® Index Futures

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