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 like the upcoming French election. New Monday options will trade like existing Wednesday and Friday Weekly Index options, but they will expire on Mondays.
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."
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.
|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||SVPWA 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+|