With equity index options on futures available on a range of benchmark indices – including the S&P 500, NASDAQ-100 and Dow Jones Industrial Average – and in various expirations, CME Group provides market participants with flexible tools to fine tune their equity market exposure.
Trading shorter-term options has become especially popular, as short-term weekly and end-of-month (EOM) options complement traditional quarterly options and physically settle with the front-month futures contract.
The suite of options on S&P 500, E-mini S&P 500, E-mini NASDAQ-100 and E-mini Dow ($5) includes from 4 to 15 distinct option expirations each month.
Quarterly month options are American-style options, while weeklies and EOM are European-style, restricting the option buyer’s exercise rights to the expiration day.
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.
As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. Comprised of four exchanges - CME, CBOT, NYMEX and COMEX - we offer the widest range of global benchmark products across all major asset classes, helping businesses everywhere mitigate the myriad of risks they face in today's uncertain global economy.
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Take advantage of round-the-clock liquidity and market depth with CME Equity Index Options on Futures.