Contract Unit | One E-mini S&P 500 futures contract | ||||

Minimum Price Fluctuation |
Regular Tick: 0.25 index points ($12.50) for premium > 5.00 index points ($250.00) Reduced Tick: 0.05 index points ($2.50) for premium at or below 5.00 index points ($250.00) 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. Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET |
||||

Product Code | CME Globex: ES CME ClearPort: ES Clearing: ES |
||||

Listed Contracts | Four 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 358 A | ||||

Price Limit Or Circuit | Price Limits | ||||

Vendor Codes | Quote Vendor Symbols Listing | ||||

Strike Price Listing Procedures | 100 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract 50 index point integer multiples, when listed: +20% to -40% of the prior day’s settlement price on the underlying future contract 10 index point integer multiples, when the underlying future is the second closest contract: +10% to -25% of the prior day’s settlement price on the underlying future contract 5 index point integer multiples, 35 days prior to expiry (or 5 Weeks): +5% to -15% of the prior day’s settlement price on the underlying future contract |
||||

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 S&P 500 Futures |

An electronically traded futures contract one fifth the size of standard S&P futures, E-mini S&P 500 futures and options are based on the underlying Standard & Poor’s 500 stock index. Made up of 500 individual stocks representing the market capitalizations of large companies, the S&P 500 Index is a leading indicator of large-cap U.S. equities.

Whether you are a new trader looking to get started in futures, or an experienced trader looking to expand your exposure to the U.S. stock market, E-mini S&P 500 futures provide you with the opportunity you need.