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S&P 500 Weekly Option Week 1 Options
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Type
 
S&P 500 Weekly Options Contract Specs
Opening Date Weeks 1 & 2: 8/24/09
Week 4: 7/06/10
Ticker Symbol
View product and vendor codes		 EV1 Week 1
EV2 Week 2
EV4 Week 4
ESF Special Fixing Price
Contract Size Delivers into one quarterly S&P 500 futures contract
Strike Price Intervals 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 ≤5.00
Trading Hours
All time listed are Central Time		 Open Outcry MON-FRI: 8:30 a.m. - 3:15 p.m.
CME Globex MON-THURS 5:00 p.m. - 8:15 a.m. next day and 3:30 p.m. - 4:30 p.m.
(Daily maintenance shutdown 4:30 p.m. - 5:00 p.m.)
SUN: 5:00 p.m. - 8:15 a.m. next day
Contract Months Two weekly contracts will be listed at any given time
Last Trade Date/Time
View Calendar		 Week 1 3:00 p.m.   1st Friday of contract month
Week 2 3:00 p.m.   2nd Friday of contract month
Week 4 3:00 p.m.   4th Friday of contract month
Exercise Procedure European Style. On expiration day, all in-the-money options as of 3:00 p.m. CT will be automatically exercised. Contrarian instructions are not allowed. Exercisable only on expiration day.
Expiration Date Week 1 1st Friday of contract month
Week 2 2nd Friday of contract month
Week 4 4th Friday of contract month
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. A 3:00 p.m. CT price fixing (symbol ESF) based on the weighted average traded price of E-mini S&P 500 futures in the last 30 seconds of trading on expiration day (2:59:30 pm–3:00:00 pm Chicago time) will be used to determine which options are in-the-money.
Daily Price Limits Coordinated with underlying futures prices limits.
View price limits details.
Position Limits Work in conjunction with existing S&P 500 futures and options position limits
Exchange Rule These contracts are listed by, and subject to, the rules and regulations of CME.
Block Trade Eligibility Yes. View more on block-trade eligibile contracts.
Block Trade Minimums 250 contracts