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S&P 500/Citigroup Value Options
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Type
 
S&P 500 Citigroup Value Options
Opening Date 11/6/1995
Ticker Symbol SU (Calls and Puts)
SU= Clearing
View product and vendor codes
Contract Size One S&P 500/CitigroupValue futures contract
Strike Price Intervals Deferred month: 5-point intervals.
Once the contract becomes the second nearest contract, 2.5-point intervals will be available
Tick Size (minimum fluctuation) OUTRIGHT
0.10=$25.00 for premium>5.00
HALF TICK
0.05=$12.50 for premium <or =5.00
CAB
0.05=$12.50
Trading Hours
All time listed are Central Time
CME Globex  (Electronic Platform)
 MON-THURS: 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m.
(Daily maintenance shutdown 4:30 p.m.-5:00 p.m.)
SUN: 5:00 p.m.-3:15 p.m.
Contract Months Two months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Two Serial Months (i.e., Jan, Feb)
Last Trade Date/Time
View Calendar		 CME Globex (Electronic Platform)
QUARTERLY: 3:15 p.m. on Thursday prior to 3rd Friday of the contract month
SERIAL: 3:15 p.m. on 3rd Friday of the contract month
Strike Listing CME Globex (Electronic Platform)
All strikes interval
Exercise Procedure American Style.
European Style FLEX Options
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.
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)
ETH (overnight): 5% up or down
View price limits details.
Position Limits 20,000 futures-equivalent S&P 500/Citigroup Growth, S&P 500/Citgroup Value and S&P 500 contracts net on the same side of the market in all contract months combined.
Block Trade Eligibility Yes. View more on block-trade eligibile contracts.
Block Minimum 250 contracts
Rulebook Chapter 355A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.