E-mini S&P 500 Weekly Options Contract Specs

Contract Unit	One E-mini S&P 500 futures contract
Minimum Price Fluctuation	Regular tick: 0.25 index points = $12.50, 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
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: ES CME ClearPort: ES Clearing: ES
Listed Contracts	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 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 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 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 S&P 500 Futures

Contract Unit	One E-mini S&P 500 futures contract
Minimum Price Fluctuation	Regular tick: 0.25 index points = $12.50, 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
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, 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	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 Futures

Contract Unit	One E-mini S&P 500 futures contract
Minimum Price Fluctuation	Regular tick: 0.25 index points = $12.50, 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
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 - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code	CME Globex: E1A,E2A,E3A,E4A,E5A CME ClearPort: E1A,E2A,E3A,E4A,E5A Clearing: E1A,E2A,E3A,E4A,E5A
Listed Contracts	Monday weekly contracts listed for 4 consecutive weeks
Termination Of Trading	Trading terminates at 4:00 p.m. ET on Monday of the contract week.
Position Limits	CME Position Limits
Exchange Rulebook	CME 358A
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	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 Futures

Contract Unit	One E-mini S&P 500 futures contract
Minimum Price Fluctuation	Regular Tick: 0.25 = $12.50 per tick, for premium > 5.00 Reduced Tick: 0.05 = $2.50 per tick, for premium <= 5.00 CAB: 0.05 = $2.50 per tick
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: EW1,EW2,EW3,EW4 CME ClearPort: EW1,EW2,EW3,EW4 Clearing: EW1,EW2,EW3,EW4
Listed Contracts	At any given time, four nearest weeks of EW1, EW2, and EW4 (Weeks 1, 2 & 4) and three nearest weeks of EW3 (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	358A
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	EW3 (Week 3) 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 listed: +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 EW1, EW2 and EW4 (Week 1, 2 & 4) 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 listed: +10% to -25% of the prior day’s settlement price on the underlying future contract 5 index point integer multiples, when listed: +5% to -15% of the prior day’s settlement price on the underlying future contract
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 Futures

Contract Unit	One E-mini S&P 500 futures contract
Minimum Price Fluctuation	Regular tick: 0.25 index points = $12.50, 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
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 - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code	CME Globex: E1C,E2C,E3C,E4C,E5C CME ClearPort: E1C,E2C,E3C,E4C,E5C Clearing: E1C,E2C,E3C,E4C,E5C
Listed Contracts	Wednesday weekly contracts listed for 4 consecutive weeks
Termination Of Trading	Trading terminates at 4:00 p.m. ET on Wednesday of the contract week.
Position Limits	CME Position Limits
Exchange Rulebook	CME 358A
Block Minimum	Block Minimum Thresholds
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 listed: +10% to -25% of the prior day’s settlement price on the underlying future contract ? 5 index point integer multiples, when listed: +5% to -15% of the prior day’s settlement price on the underlying future contract
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 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.

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E-mini S&P 500 Weekly Options Contract Specs

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