Equity Index Options on Futures

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CME Equity Index Options on Futures offer around-the-clock liquidity, market depth, and extensive product choice on the world's benchmark indices to suit a variety of trading strategies. Capitalize on potential margin offsets on futures and options strategies, advanced on-screen spreading capabilities, and the certainty of central clearing.

Top Equity Index Options on Futures

Globex Floor Product Name Exchange Volume Open Interest
ES - E-mini S&P 500 Options CME 67,375 1,372,020
EW - E-mini S&P 500 EOM Options CME 241,632 500,195
EW1 - E-mini S&P 500 Weekly Options - Week 1 CME 97,283 251,637
EW2 - E-mini S&P 500 Weekly Options - Week 2 CME 37,652 116,699
MES - Micro E-mini S&P 500 Index Futures CME 748,398 95,438
MNQ - Micro E-mini Nasdaq-100 Index Futures CME 822,158 76,411
NQ - E-mini Nasdaq-100 Options CME 4,418 72,115
EW4 - E-mini S&P 500 Weekly Options - Week 4 CME 8,461 66,469
SP CS / PS S&P 500 Options CME 0 14,700
OYM - E-mini Dow ($5) Options CBOT 11 582
Trade Date: 30 Jul 2021 | PRELIMINARY

Note: Volume and Open Interest data is from the previous trade date. Preliminary data updates at approximately 9:00 p.m. CT and the final update is at 10:00 a.m. CT next business day.

A Cost Comparison of S&P 500-related Options

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Conclusion of Standard-Size S&P 500 futures and options trading*

  • On September 17th, 2021*, CME Group will delist its standard-size futures and options on futures contracts on the S&P 500 Index, following the close of trading at 5 p.m. ET. After the delisting of the standard-size contracts, the E-mini suite of futures and options on the S&P 500 Index will continue to meet the trading and risk management needs of customers.
  • Now live: More maturities and new enhancements to E-mini S&P futures and options 
    • Block trading of E-mini S&P 500 options is now available, subject to a minimum block quantity of 250. Learn more.
    • Additional Quarterly E-mini S&P 500 futures contracts have been listed. 
    • 13 consecutive months of third Friday E-mini S&P 500 options coverage via the expanded Week 3 (EW3) and Quarterly (ES) options 
    • Maturities across the nine nearest Quarterly (ES) expirations with additional December expiries available for years three through five allow for easier management of longer-dated risk. 
    • Simplified listing rules enable 100-point increment strikes for maturities up to five years.
  • On June 28, 2021*, E-mini S&P 500 Quarterly PM options (European-style) will be available for trading. Read the FAQ to learn more.

View frequently asked questions
Read the Special Executive Report (SER)

*Subject to regulatory review

An expanded offering: E-mini Nasdaq-100 Monday and Wednesday Weekly options

E-mini Nasdaq-100 Monday and Wednesday Weekly options (European-style) are designed to provide greater precision and flexibility in helping you manage short-term risk on the Nasdaq-100 Index. The new contract is an expansion of our suite of standard quarterly, end-of-month, and Friday weekly options.

More on E-mini Nasdaq-100 Monday and Wednesday Weekly options
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Learn more about other options product applications and benefits.

*Pending all relevant CFTC regulatory review periods, please consult the latest Market Regulation Advisory Notice (MRAN) for the most up-to-date information on block trades and the SER for the latest product details.

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