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E-mini Russell 2000 Weekly 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: R1E,R2E,R3E,R4E
CME ClearPort: R1E,R2E,R3E,R4E
Clearing: R1E,R2E,R3E,R4E
Listed Contracts At any given time, three nearest weeks of R1E, R2E, and R4E (Weeks 1, 2 & 4) and three nearest weeks of R3E (Week 3) will be listed for trading
Termination Of Trading 4:00 p.m. ET on Friday of the named week
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 European Style. Exercisable only on expiration day.
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 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol RTF) of the E-mini Russell 2000 futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.-4:00:00 p.m. ET) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.
Settlement Method Deliverable
Underlying E-mini® Russell 2000® Index Futures

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