Weekly Equity Index Options on Futures

Weekly Equity Index Options on Futures

More Precise Equity Risk Management

Weekly Equity Index options on futures provide liquid, shorter-term risk management alternatives to quarterly S&P 500, E-mini S&P 500, NASDAQ-100 and Dow ($5) options with lower cost of premium.

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Available April 3: S&P 500 and E-mini S&P 500 Monday Weekly Options

S&P 500 and E-mini S&P 500 Monday Weekly options on futures will be available for trading beginning April 3. The addition of Monday Weekly options provides you with the opportunity to fine-tune your trading strategies, particularly ahead of market-moving events and reports. New Monday options will trade like existing Wednesday and Friday Weekly Index options, but they will expire on Mondays.

  • Available on standard and E-mini S&P 500 futures
  • European-style expiration1
  • Initial expirations available: April 17, April 24, May 1, May 8; following the initial listing, two expirations will be available at any time

1 - On their expiration day, weekly and EOM options will be automatically exercised if the options are determined to be "in-the-money" using a volume-weighted average fixing price calculated by the exchange at 3:00 p.m. Central Time (CT). This special fixing price is calculated and disseminated by CME daily under the symbol "ESF."

Event-Driven Trading Opportunities

Weekly options provide a deep pool of liquidity for market participants to express views on market moving events and economic reports – from national elections to monthly employment and inflation reports – nearly around-the-clock.

On November 9, 2016, following the U.S. election, more than 380,000 E-mini S&P 500 Wednesday and Friday Weekly options traded before the U.S. market open.  In comparison, more than 20,000 Wednesday and Friday Weekly options traded on average during non-U.S. hours in 2016.

Product Codes

Weekly Options Product CME Globex Ticker Bloomberg Front Month Ticker Thomson Reuters Chain
E-mini S&P 500 EW1, EW2, EW3, EW4 1EA Index, 2EA Index, 3EA Index, 4EA Index 0#ESW+
E-mini S&P 500 Monday E1A, E2A, E3A, E4A, E5A IWWA Index 0#1AEW+
E-mini S&P 500 Wednesday E1C, E2C, E3C, E4C, E5C IEWA Index 0#ECW+
S&P 500 EV1, EV2, EV3, EV4 1DA Index, 2DA Index, 3DA Index, 4DA Index 0#EVW+
S&P 500 Monday S1A, S2A, S3A, S4A, S5A SVPA Index 0#1ASW+
S&P 500 Wednesday S1C, S2C, S3C, S4C, S5C SPWA Index 0#SCW+
E-mini NASDAQ-100 QN1, QN2, QN3, QN4 10A Index, 20A Index, 30A Index, 4OA Index 0#1NQW+
E-mini Dow ($5) YM1, YM2, YM3, YM4 1FA Index, 2FA Index, 3FA Index, 4FA Index 0#1YMW+

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