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) |
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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 |
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Product Code | CME Globex: R1E,R2E,R3E,R4ECME ClearPort: R1E,R2E,R3E,R4EClearing: 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 |
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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 |