| Opening Date |
1/28/1983 |
| Ticker Symbol |
CS (Calls)
PS (Puts)
SP= Clearing
View product and vendor codes |
| Contract Size |
One S&P 500 futures contract |
| Strike Price Interval |
Deferred months: 25-point intervals and 10-point intervals. Once the contract becomes the second nearest contract, 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 |
Open Outcry
MON-FRI: 8:30 a.m. -3:15 p.m.
CME Globex (Electronic Platform)
MON-THURS: 3:30 p.m. - 8:15 a.m.
(Daily maintenance shutdown 4:30 p.m.-5:00 p.m.)
SUN: 5:00 p.m.-8:15 a.m.
|
| Contract Months |
Open Outcry
Eight months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Three Serial Months (i.e., Jan, Feb, Apr)
CME Globex
One month in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Three Serial Months (i.e., Jan, Feb, Apr))
|
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
CME Globex (Electronic Platform)
QUARTERLY: 8:15 a.m. / 3rd Friday of the contract month
SERIAL: 3:15 p.m. / 3rd Friday of the contract month
|
| Strike Listing |
Open Outcry
All strikes intervals
CME Globex (Electronic Platform)
12 strikes up and down, and including the strike nearest the money
|
| 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 |
| 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 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 |
351A |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
