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 83,727 1,187,068
EW - E-mini S&P 500 EOM Options CME 221,378 892,474
EW4 - E-mini S&P 500 Weekly Options - Week 4 CME 110,553 353,278
MES - Micro E-mini S&P 500 Index Futures CME 663,244 137,116
EW1 - E-mini S&P 500 Weekly Options - Week 1 CME 22,689 99,192
NQ - E-mini Nasdaq-100 Options CME 4,581 71,087
MNQ - Micro E-mini Nasdaq-100 Index Futures CME 682,907 68,569
EW2 - E-mini S&P 500 Weekly Options - Week 2 CME 12,341 50,679
QN1 - E-mini Nasdaq-100 Weekly Options - Week 1 CME 1,977 5,394
OYM - E-mini Dow ($5) Options CBOT 7 1,240
Trade Date: 18 Oct 2021 | FINAL

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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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.

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An expanded offering: Monday and Wednesday Weekly options on E-mini Nasdaq-100 and Russell 2000 futures

E-mini Nasdaq-100 and Russell 2000 Monday and Wednesday Weekly options (European-style) are designed to provide greater precision and flexibility in helping you manage short-term exposure. The new contracts are an expansion of our suite of standard quarterly, end-of-month, and Friday weekly options on the Nasdaq-100 and Russell 2000 Indices.

E-mini Nasdaq-100 Monday and Wednesday Weekly options
E-mini Russell 2000 Monday and Wednesday Weekly options

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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