E-mini S&P 600 SmallCap Options Contract Specs
| Contract Unit | One E-mini S&P SmallCap 600 futures contract | ||||
| Minimum Price Fluctuation | Outright: | 0.10 = $10.00 | |||
| HALF TICK | 0.05 = $5.00 | ||||
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with 15-minute trading halt Monday – Friday 4:15 p.m. - 4:30 p.m. ET (3:15 p.m. - 3:30 p.m. CT) and a 60-minute break each day beginning at 5:00 p.m. ET (4:00 p.m. CT). | ||||
| Product Code | CME Globex: SMCCME ClearPort: SMCClearing: SMC | ||||
| Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and 2 serial months | ||||
| Termination Of Trading | Quarterly contracts terminate at 8:30 a.m. CT on the 3rd Friday of the contract month. Serial contracts terminate at 4:00 p.m. CT on the 3rd Friday of the contract month |
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| Position Limits | CME Position Limits | ||||
| Exchange Rulebook | CME 368A | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Deferred month: 5-point intervals. Once the contract becomes the second nearest contract, 2.5-point intervals will be available Strike Listing: All strike intervals |
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| Exercise Procedure | American Style. | ||||
| 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. In-the-money QUARTERLY OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m. on the day of the expiration, are exercised automatically into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month. In-the-money SERIAL OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m. on the day of the expiration, shall be exercised automatically on serial option expiration day. An option can be exercised until 7:00 p.m. on any business day the option is traded. QUARTERLY OPTIONS - Unexercised in-the-money options will be automatically exercised at 7:00 p.m. on the day of determination of the Final Settlement Price. SERIAL OPTIONS - Unexercised in-the-money options will be automatically exercised at 7:00 p.m. on Serial Option expiration day. |
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| Settlement Method | Deliverable | ||||
| Underlying | E-mini S&P 600 SmallCap Futures | ||||
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