Contract Unit | One E-mini Russell 2000 futures contract | ||||
Minimum Price Fluctuation |
Regular tick: 0.10 index points = $5.00, for premium greater than 5.00 Reduced tick: 0.05 index points = $2.50, for premium less than or equal to 5.00 CAB: 0.05 index points = $2.50 |
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Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a daily trading halt from 4:15 p.m. - 4:30 p.m. ET | CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | |
Product Code | CME Globex: RTOCME ClearPort: RTOClearing: RTO | ||||
Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 3 consecutive quarters | ||||
Termination Of Trading | Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract quarter. | ||||
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 |
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Exercise Procedure | American Style. An option can be exercised until 6:30 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 6:30 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 |