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Introducing European-style standard and E-mini S&P 500 Weekly options on the first two Fridays of every month.
PRODUCT DETAILS
View detailed contract specifications, product calendars and more using these links
|
S&P 500 Weekly Options |
E-mini S&P 500 Weekly Options |
BENEFITS
Precision timing from shorter durations.
These new expirations provide precise, strategic tools to help you capitalize on market movements stemming from economic releases or market events in the first half of the month.
Expanded expiration choices offer greater access, flexibility
Designed to expire on the first and second Fridays, european-style weekly options complement existing quarterly, serial and end-of-month options to give you four expirations each month on the benchmark S&P 500 Index.
View 2009-2010 options expiration calendar
Certainty of exercise
Like end-of-month options, weekly options offer European-style exercise and prohibit contrarian instructions -- meaning that, at expiration, all in-the-money options are automatically exercised and all out-of-the money options are automatically abandoned.
ESF fixing price.
Also like end-of-month options, at expiration, CME calculates a special fixing price (applied to both the E-mini and standard-size S&P 500 weekly options) based on the weighted-average trading price of E-mini S&P 500 futures in the last 30 seconds (2:59:30 – 3:00:00) before the 3:00 p.m. Chicago time option expiration. This price will be disseminated immediately using the symbol ESF, and is used to determine which weekly and EOM options are in the money.
View ESF special fixing price calculations
Free Real-Time Quotes
View Quotes – See activity in the market with free real-time quotes on E-mini S&P 500 weekly options. After clicking "View Quotes", point your mouse to the "Equities" tab to view the navigation menu, then select "E-mini S&P 500 Week 1" or "E-mini S&P 500 Week 2" from the menu options.
| S&P 500 Weekly Options | E-mini S&P 500 Weekly Options | |
| Begins Trading | August 24, 2009 | |
| Ticker Symbols (CME Globex) |
EV1 Week 1 EV2 Week 2 ESF Special Fixing Price |
EW1 Week 1 EW2 Week 2 ESF Special Fixing Price |
| Contract Size | Delivers into one quarterly S&P 500 futures contract |
Delivers into one quarterly E-mini S&P 500 futures contract |
| Strike Price Interval |
5-, 10-, and 25-point intervals with same strike listings as nearest quarterly options contract | |
| Tick Size (minimum fluctuation) |
OUTRIGHT 0.10=$25.00 for premium >5.00 HALF TICK 0.05=$12.50 for premium ≤5.00 |
OUTRIGHT 0.25=$12.50 for premium >5.00 HALF TICK 0.05= $2.50 for premium ≤ 5.00 CAB 0.05=$2.50 |
| Trading Hours (All times are Chicago time) |
Open Outcry: MON-FRI 8:30 a.m.–3:15 p.m. CME Globex: MON-THURS 5:00 p.m.-3:15 p.m. and 3:30 pm-4:30 pm Daily maintenance shutdown 4:30 p.m.-.5:00 p.m. SUN: 5:00 p.m.-3:15 p.m. |
CME Globex: MON-THURS 5:00 p.m.-3:15 p.m. and 3:30 pm-4:30 pm Daily maintenance shutdown 4:30 p.m.-.5:00 p.m. SUN: 5:00 p.m.-3:15 p.m. |
| Valid Contract Months |
Two weekly contracts will be listed at any given time |
Two weekly contracts will be listed at any given time |
| Termination of Trading |
Week 1 3:00 p.m. 1st Friday of contract month Week 2 3:00 p.m. 2nd Friday of contract month |
|
| Exercise Style | 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 |
|
| 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 | RTH: Successive 10%, 20%, 30% limits (downside only) ETH (overnight): 5% up or down |
|
| Position Limits | Work in conjunction with existing S&P 500 futures and options position limits | |
| Exchange | These contracts are listed by, and subject to, the rules and regulations of CME. | |
Product Overview
Downloadable information on S&P 500 weekly options with contract specifications.
Frequently Asked Questions: Weekly and EOM S&P 500 Options
Answers to common questions about our european-style weekly and end-of-month options
Comparing quarterly, weekly and end-of-month options
Side-by-side comparison of regular, weekly and EOM expirations available on E-mini and standard S&P 500 options
Equity Index Research Center
View the latest research and product applications from in-house and third-party experts.
Equity Products page
Your central resource for news and information on our benchmark equity index futures and options.
