Contract Unit | 1 E-mini S&P 500 futures contract | ||||
Minimum Price Fluctuation |
Regular Tick: 0.25 = $12.50 for premium above 5.00 Reduced Tick: 0.05 = $2.50 for premium at or below 5.00 CAB: 0.05 = $2.50 |
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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 with trading halt 4:15 p.m. - 4:30 p.m. | 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: EW1,EW2,EW3,EW4CME ClearPort: EW1,EW2,EW3,EW4Clearing: EW1,EW2,EW3,EW4 | ||||
Listed Contracts | Weekly contracts (EW1, EW2, EW4) listed for 4 weeks and 3 weeks of EW3 | ||||
Termination Of Trading | Trading terminates at 4:00 p.m. ET on Friday of the contract 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 |
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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 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 |
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.