E-mini Russell 2000 Options Contract Specs

Contract Unit	One E-mini Russell 2000 futures contract
Minimum Price Fluctuation	Regular Tick: 0.10 index points ($5.00) for premium > 5.00 index points Reduced Tick: 0.05 index points ($2.50) for premium at or below 5.00 index points CAB: 0.05 index points ($2.50)
Trading Hours	CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 4:15 p.m. - 4:30 p.m. CME Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET
Product Code	CME Globex: RTO CME ClearPort: RTO Clearing: RTO
Listed Contracts	3 months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Termination Of Trading	9:30 a.m. ET on the 3rd Friday of the contract month
Position Limits	CME Position Limits
Exchange Rulebook	CME 393A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Exercise Procedure	American Style. An option can be exercised until 8:00 p.m. ET on any business day the option is traded
Settlement At Expiration	Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 8:00 p.m. ET on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month.
Settlement Method	Deliverable
Underlying	E-mini® Russell 2000® Index Futures

Contract Unit	One E-mini Russell 2000 futures contract
Minimum Price Fluctuation	Regular Tick: 0.10 index points ($5.00) for premium > 5.00 index points Reduced Tick: 0.05 index points ($2.50) for premium at or below 5.00 index points CAB: 0.05 index points ($2.50)
Trading Hours	CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 4:15 p.m. - 4:30 p.m. CME Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET
Product Code	CME Globex: RTM CME ClearPort: RTM Clearing: RTM
Listed Contracts	Three consecutive calendar months
Termination Of Trading	4:00 p.m. ET on Last Business Day of month
Position Limits	CME Position Limits
Exchange Rulebook	CME 393A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Exercise Style	European Style. Exercisable only on expiration day.
Exercise Procedure	European Style. Exercisable only on expiration day.
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 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. Contrarian instructions are prohibited.
Settlement Method	Deliverable
Underlying	E-mini® Russell 2000® Index Futures

Contract Unit	One E-mini Russell 2000 futures contract
Minimum Price Fluctuation	Regular Tick: 0.10 index points ($5.00) for premium > 5.00 index points Reduced Tick: 0.05 index points ($2.50) for premium at or below 5.00 index points CAB: 0.05 index points ($2.50)
Trading Hours	CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 4:15 p.m. - 4:30 p.m. CME Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET
Product Code	CME Globex: R1E,R2E,R3E,R4E CME ClearPort: R1E,R2E,R3E,R4E Clearing: R1E,R2E,R3E,R4E
Listed Contracts	At any given time, three nearest weeks of R1E, R2E, and R4E (Weeks 1, 2 & 4) and three nearest weeks of R3E (Week 3) will be listed for trading
Termination Of Trading	4:00 p.m. ET on Friday of the named week
Position Limits	CME Position Limits
Exchange Rulebook	CME 393A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	R1E, R2E and R4E (Week 1, 2 & 4) 5 index point integer multiples upon listing: +10% to -25% of the prior day’s settlement price on the underlying future contract R3E (Week 3) At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Exercise Procedure	European Style. Exercisable only on expiration day.
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 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. Contrarian instructions are prohibited.
Settlement Method	Deliverable
Underlying	E-mini® Russell 2000® Index Futures

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E-mini Russell 2000 Options Contract Specs

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