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 September 26: S&P 500 and E-mini S&P 500 Wednesday Weekly Options

S&P 500 and E-mini S&P 500 Wednesday Weekly options on futures will be available for trading beginning September 26. The addition of Wednesday Weekly options provides you with the opportunity to fine-tune your trading strategies, particularly ahead of market-moving events and reports. New Wednesday options will trade like existing Weekly Index options, but they will expire on Wednesdays instead of Fridays.

  • Available on standard and E-mini S&P 500 futures
  • European-style expiration1
  • Two expirations listed at any time, beginning with October 5 and 12

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, such as monthly employment and inflation reports, earnings announcements and dividend changes.

On employment report days, which generally coincide with Week 1 option expiration, trading in the expiring E-mini S&P 500 weekly and the next weekly option often exceeds ADV by 100%. 

Product Codes

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

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