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S&P 500 EOM Options Contract Specs

Options
Contract Unit One S&P 500 futures contract
Minimum Price Fluctuation Globex Regular Tick: 0.10 index points = $25.00 for premium above 5.00 index points

Globex Reduced Tick: 0.05 index points = $12.50 for premium at or below 5.00 index points

CPC and Pit Regular Tick (Outrights): 0.10 index points = $25.00 for premium above 5.00 index points
 
CPC and Pit Reduced Tick (Outrights): 0.05 index points = $12.50 for premium at or below 5.00 index points
 
CPC and Pit Regular Tick (Spreads): 0.10 index points = $25.00 for premium above 10.00 index points

CPC and Pit Reduced Tick (Spreads): 0.05 index points = $12.50 for premium at or below 10.00 index points

CAB: 0.05 index points = $12.50
Trading Hours Open Outcry: Monday - Friday: 9:30 a.m. - 4:15 p.m. Eastern Time (ET)

CME Globex: Sunday - Friday: 6:00 p.m. - 5:00 p.m. ET with a trading halt 9:15 a.m. - 4:30 p.m.

CME Clearport: Sunday - Friday: 6:00 p.m. - 5:00 p.m. ET
Product Code CME Globex: EV
CME ClearPort: EV
Open Outcry: EV
Clearing: EV
Listed Contracts Monthly contracts listed for 6 consecutive months
Termination Of Trading Open Outcry: 4:00 p.m. ET on last business day of the contract month

CME Globex: 9:15 a.m. ET on last business day of the contract month
Position Limits CME Position Limits
Exchange Rulebook CME 351 A
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, 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
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 S&P 500 Futures

About S&P 500

S&P 500 futures and options offer a capital-efficient means to manage exposure to the leading large –cap companies of the U.S. stock market. Based on the underlying Standard & Poor’s 500 stock index, which is 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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