Asset Class Navigation

E-mini S&P 600 SmallCap Options Contract Specs

Options
Contract Unit One E-mini S&P SmallCap 600 futures contract
Minimum Price Fluctuation Outright: 0.10=$10.00
HALF TICK 0.05=$5.00
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. New York Time/ET (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with 15-minute trading halt Monday – Friday 4:15 p.m. - 4:30 p.m. New York time/ET (3:15 p.m. - 3:30 p.m. Chicago Time/CT). Monday - Thursday 5:00 p.m. - 6:00 p.m. New York Time/ET (4:00 p.m. - 5:00 p.m. Chicago Time/CT) daily maintenance period.
Product Code CME Globex: SMC
CME ClearPort: SMC
Clearing: SMC
Listed Contracts Four months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Two Serial Months (i.e., Jan, Feb, Apr)
Termination Of Trading CME Globex: QUARTERLY:  8:30 a.m. 3rd Friday of the contract month
SERIAL: 4:00 p.m. 3rd Friday of the contract month
Default: QUARTERLY; 8:30 a.m. 3rd Friday of the contract month
SERIAL: 4:00 p.m. 3rd Friday of the contract month
Position Limits CME Position Limits
Exchange Rulebook CME 368A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Deferred month: 5-point intervals. Once the contract becomes the second nearest contract, 2.5-point intervals will be available

Strike Listing: All strike intervals
Exercise Procedure American Style.
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.
In-the-money QUARTERLY OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m. on the day of the expiration, are exercised automatically into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month.
In-the-money SERIAL OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m. on the day of the expiration, shall be exercised automatically on serial option expiration day.

An option can be exercised until 7:00 p.m. on any business day the option is traded.
QUARTERLY OPTIONS - Unexercised in-the-money options will be automatically exercised at 7:00 p.m. on the day of determination of the Final Settlement Price.
SERIAL OPTIONS - Unexercised in-the-money options will be automatically exercised at 7:00 p.m. on Serial Option expiration day.
Settlement Method Deliverable
Underlying E-mini S&P 600 SmallCap Futures

Subscribe

Stay up-to-date on CME Group Equity Product developments

Subscribe to updates