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E-mini S&P 500 Options
Type
| E-mini S&P 500 Options |
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|---|---|---|---|---|---|
| Opening Date | 9/9/1997 | ||||
| Ticker Symbol | ES ES= Clearing View product and vendor codes |
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| Contract Size | One E-mini S&P 500 futures contract | ||||
| Strike Price Interval | 25-point intervals within ± 50% previous day’s settlement price of the underlying futures 10-point intervals within ± 20% previous day’s settlement price of the underlying futures Once the contract becomes the second nearest contract, 5-point intervals within ± 10% previous day’s settlement price of the underlying futures will be available |
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| Tick Size (minimum fluctuation) | OUTRIGHT | 0.25=$12.50 for premium >5.00 | |||
| REDUCED TICK | 0.05=$2.50 for premium < or =5.00 | ||||
| CAB | 0.05=$2.50 | ||||
| Trading Hours All time listed are Central Time |
CME Globex | MON – FRI: 5:00 p.m. previous day – 4:15 p.m.; trading halt from 3:15 p.m. – 3:30 p.m. | |||
| Contract Months | Four months in the March Quarterly Cycle (Mar, Jun, Sep, Dec) Three Serial Months (i.e., Jan, Feb, Apr) |
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| Last Trade Date/Time View Calendar |
CME Globex (Electronic Platform) |
QUARTERLY: 8:30 a.m. / 3rd Friday of the contract month SERIAL: 4:15 p.m. / 3rd Friday of the contract month |
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| Strike Listing | CME Globex (Electronic Platform) | All strike intervals | |||
| Exercise Procedure | American Style. | ||||
| Expiration Date Procedure | 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. |
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| 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. |
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| Daily Price Limits | Option trading is not permitted during trading halts due to price limit events. View price limits details. |
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| Position Limits | See: CME Rulebook Chapter 5 - POSITION LIMIT, POSITION ACCOUNTABILITY AND REPORTABLE LEVEL TABLE | ||||
| Block Trade Eligibility | No. View more on block-trade eligible contracts. | ||||
| Block Minimum | N/A | ||||
| Rulebook Chapter | 358 A | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CME. | ||||
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