E-mini Russell 2000 Weekly Options (European-Style)
More precision, more opportunities to manage small-cap exposure
Expand your choices to manage market exposure and fine-tune your trading strategies with E-mini Russell 2000 Weekly options. These short-dated contracts offer greater precision and flexibility for trading the leading benchmark for small-cap performance, the Russell 2000 Index.
Trade with more precision
Add more granularity to your trading strategies and fine-tune your Russell 2000 Index exposure with a range of Quarterly, End-of-Month, and New Weekly options.
Add versatility to manage positions
Short-term options offer greater flexibility to manage high-impact event risk, providing the versatility you need in your trading strategies.
Tap into E-mini Russell 2000 futures liquidity
These contracts settle into liquid E-mini Russell 2000 futures contracts, which averaged 237K contracts traded daily in 2022.
Expand the small-cap strategies you can build with more expiries throughout the week with the introduction of Tuesday and Thursday expiries available on E-mini Russell 2000 options. These new contracts complement existing Monday, Wednesday, Friday weekly, end-of-month, and quarterly expirations.
Explore more to see what they can bring to your trading strategies.
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CONTRACT |
E-mini Russell 2000 Weekly Options (European-Style) |
|---|---|
CME GLOBEX/CME CLEARPORT CODE |
Mondays: R1A, R2A, R3A, R4A, R5A Tuesdays: R1U, R2U, R3U, R4U, R5U Wednesdays: R1C, R2C, R3C, R4C, R5C Thursdays: R1D, R2D, R3D, R4D, R5D Fridays: R1E, R2E, R3E, R4E |
CONTRACT UNIT |
$50 x E-Mini Russell 2000 futures contract |
STRIKE PRICE LISTING SCHEDULE |
100 index point integer multiples: -80% to +30% of the prior day’s settlement price on the underlying future contract, when listed 50 index point integer multiples: -40% to +20% of the prior day’s settlement price on the underlying future contract (<96 DTE) 25 index point integer multiples: -20% to +15% of the prior day’s settlement price on the underlying future contract (<66 DTE) 10 index point integer multiples: -15% to +10% of the prior day’s settlement price on the underlying future contract (<35 DTE) 5 index point integer multiples: -10% to +5% of the prior day’s settlement price on the underlying future contract (<10 DTE) Dynamic strike allowed on 5 point intervals |
EXERCISE PROCEDURE |
European style |
BLOCK MINIMUM |
40 |
REPORTING WINDOW |
15 Minutes |
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 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol: RTF) of the E-mini Russell 2000 Stock Price Index futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.- 4:00:00 p.m. ET) will be used to determine which options are in-the-money. Contrary exercise instructions are prohibited. Option exercise results in a position in the underlying futures contract |
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Options open interest heatmap
Micro E-mini options offer timely expiration to manage risk. Use the OI heatmap to track where positions are concentrated.
E-mini Russell 2000 futures and options
E-mini Russell 2000 Index futures and options extend CME Group’s suite of benchmark US index products and offer you even more ways to manage risk and tap into liquidity.
Article: Gain small-cap exposure with options on the Russell 2000 Index
Learn why small-cap indexes, such as the Russell 2000 Index, historically outperform large-cap indexes and how you can express your view on the index using options.
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