| Opening Date |
2/13/1992 |
| Ticker Symbol |
MD (Calls and Puts)
MD= Clearing
View product and vendor codes |
| Contract Size |
One S&P MidCap 400 contract |
| Strike Price Interval |
Deferred month: 5-point intervals. Once the contract becomes the second nearest contract, 2.5-point intervals will be available |
| Tick Size (minimum fluctuation) |
CAB
0.025=$12.50
|
Trading Hours
All time listed are Central Time |
Open Outcry
MON-FRI: 8:30 a.m. -3:15 p.m.
|
Contract Months
View Listings |
Open Outcry
Four months in the March Quarterly Cycle (Mar, Jun, Sep, Dec) Plus Two Serial Months (i.e., Jan, Feb)
|
Last Trade Date/Time
View Calendar |
Open Outcry
QUARTERLY: 3:15 p.m. / Thursday prior to 3rd Friday of the contract month
SERIAL: 3:15 p.m. / 3rd Friday of the contract month
|
| Strike Listing |
Open Outcry
All strikes intervals
|
| Exercise Procedure |
American Style. |
| Expiration Date |
An option can be exercised until 7:00 p.m. on any business day the option is traded. Unexercised in-the-money options will be automatically exercised at 7:00 p.m. on day of determination of the Final Settlement Price.
FLEX Options are also available |
| 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. QUARTERLY OPTIONS are exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month. SERIALS are exercised into underlying cash-settled futures at their closing price on 3:15 p.m. on the 3rd Friday of the contract month |
| Daily Price Limits |
RTH: Successive 10%, 20%, 30% limits (downside only)
View price limits details. |
| Position Limits |
5,000 futures equivalent contract net on same side of market in all contract months combined |
| Block Trade Eligibility |
Yes. View more on block-trade eligibile contracts. |
| Block Minimum |
250 contracts |
| Rulebook Chapter |
353A |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
