E-MINI S&P 500 EOM OPTIONS - CONTRACT SPECS

    Please be advised that effective Sunday, June 6, 2021 for trade date Monday, June 7, 2021, changes will be applied to the E-mini S&P 500 Stock Price Index Futures and Related Options Contracts. Please refer to SER #8776 to access these changes.

Options
Contract Unit 1 E-mini S&P 500 futures contract
Minimum Price Fluctuation Reduced Tick: 0.05 index points = $2.50, for premium at or below 5.00
Outright: 0.25 index points = $12.50, for premium above 5.00
CAB 0.05 index points = $2.50
Price Quotation U.S. dollars and cents per index point
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: EW
CME ClearPort: EW
Clearing: EW
Listed Contracts Monthly contracts listed for 6 consecutive months
Termination Of Trading Trading terminates at 4:00 p.m. ET on the last business day of the contract month.
Position Limits CME Position Limits
Exchange Rulebook 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, 186 days prior to expiry:  +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.
 Dynamic strike allowed at 5.
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 ESF) of the E-mini S&P 500 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 S&P 500 Stock Price Index Futures

About E-mini S&P 500

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. 

Welcome to E-mini S&P 500 Futures

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.

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