E-mini Russell 2000 Weekly Options (European-Style)

More precision, more opportunities to manage small-cap exposure

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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.

Key benefits

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.

Now live: E-mini Russell 2000 Tuesday and Thursday options

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.

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Learn about E-mini Russell 2000 Weekly options

Explore more to see what they can bring to your trading strategies.

Contract specifications

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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Article: Gain small-cap exposure with options on the Russell 2000 Index

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