Contract Unit | One E-mini S&P 500 futures contract | ||||
Minimum Price Fluctuation |
Regular Tick: 0.25= $12.50 for premium > 5.00 Reduced Tick: 0.05= $2.50 for premium ≤ 5.00 CAB: 0.05= $2.50 |
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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 |
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Product Code | CME Globex: E1A,E2A,E3A,E4A,E5ACME ClearPort: E1A,E2A,E3A,E4A,E5AClearing: E1A,E2A,E3A,E4A,E5A | ||||
Listed Contracts | Monday weekly options listed for 4 consecutive weeks. | ||||
Termination Of Trading | 4:00 p.m. ET on Monday of the named 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 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 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.