S&P 500 EOM Options Contract Specs

Contract Unit	One S&P 500 futures contract
Minimum Price Fluctuation	Globex Regular Tick: 0.10 index points ($25.00) for premium > 5.00 index points ($1,250) Globex Reduced Tick: 0.05 index points ($12.50) for premium at or below 5.00 index points ($1,250) CPC and Pit Regular Tick (Outrights): 0.10 index points ($25.00) for premium > 5.00 index points ($1,250) CPC and Pit Reduced Tick (Outrights): 0.05 index points ($12.50) for premium at or below 5.00 index points ($1,250) CPC and Pit Regular Tick (Spreads): 0.10 index points ($25.00) for premium > 10.00 index points ($2,500) CPC and Pit Regular Tick (Spreads): 0.05 index points ($12.50) for premium at or below 10.00 index points ($2,500) 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: SP CME ClearPort: SP Open Outcry: Put: PS Call: CS Clearing: SP
Listed Contracts	Open Outcry: Eight months in the March Quarterly Cycle (Mar, Jun, Sep, Dec) CME Globex: Current lead month in the March Quarterly Cycle (Mar, Jun, Sep, Dec) CME Clearport: Current lead month in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Termination Of Trading	Open Outcry: 4:15 p.m. ET on Thursday prior to 3rd Friday of the contract month CME Globex: 9:15 a.m. ET on Thursday prior to 3rd Friday of the contract month
Position Limits	CME Position Limits
Exchange Rulebook	CME 351A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	At all multiples of 25 index points within ±50% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Exercise Style	American Options
Exercise Procedure	American Style. An option can be exercised until 8:00 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 8:00 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	S&P 500 Futures

Contract Unit	One S&P 500 futures contract
Minimum Price Fluctuation	Globex Regular Tick: 0.10 index points ($25.00) for premium > 5.00 index points ($1,250) Globex Reduced Tick: 0.05 index points ($12.50) for premium at or below 5.00 index points ($1,250) CPC and Pit Regular Tick (Outrights): 0.10 index points ($25.00) for premium > 5.00 index points ($1,250) CPC and Pit Reduced Tick (Outrights): 0.05 index points ($12.50) for premium at or below 5.00 index points ($1,250) CPC and Pit Regular Tick (Spreads): 0.10 index points ($25.00) for premium > 10.00 index points ($2,500) CPC and Pit Regular Tick (Spreads): 0.05 index points ($12.50) for premium at or below 10.00 index points ($2,500) 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	Six consecutive calendar months
Termination Of Trading	Open Outcry: 4:00 p.m. ET on Last Business day of the month CME Globex: 9:15 a.m. ET on Last Business day of the 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	At all multiples of 25 index points within ±50% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
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	S&P 500 Futures

Contract Unit	One E-mini S&P 500 futures contract
Minimum Price Fluctuation	Globex Regular Tick: 0.10 index points = $25.00 when premium is higher than 5.00 index points Globex Reduced Tick: 0.05 index points =$12.50 when premium is at or below 5.00 index points CPC and Pit Regular Tick (Outrights): 0.10 index points = $25.00 when premium is higher than 5.00 index points CPC and Pit Reduced Tick (Outrights): 0.05 index points = $12.50when premium ia at or below 5.00 index points CPC and Pit Regular Tick (Spreads): 0.10 index points = $25.00 when premium is higher than 10.00 index points CPC and Pit Reduced Tick (Spreads): 0.05 index points = $12.50 when premium is 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. 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: S1A,S2A,S3A,S4A,S5A CME ClearPort: S1A,S2A,S3A,S4A,S5A Open Outcry: S1A,S2A,S3A,S4A,S5A Clearing: S1A,S2A,S3A,S4A,S5A
Listed Contracts	Weekly contracts listed for 2 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 351A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Listing rules will be independent of existing quarterly strike replication 5 index point integer multiples: +5% to -15% of the prior day’s settlement price on the underlying future contract 10 index point integer multiples: +10% to -25% of the prior day’s settlement price on the underlying future contract 25 index point integer multiples: +15% to -35% 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	S&P 500 Futures

Contract Unit	One S&P 500 futures contract
Minimum Price Fluctuation	Globex Regular Tick: 0.10 index points ($25.00) for premium > 5.00 index points ($1,250) Globex Reduced Tick: 0.05 index points ($12.50) for premium at or below 5.00 index points ($1,250) CPC and Pit Regular Tick (Outrights): 0.10 index points ($25.00) for premium > 5.00 index points ($1,250) CPC and Pit Reduced Tick (Outrights): 0.05 index points ($12.50) for premium at or below 5.00 index points ($1,250) CPC and Pit Regular Tick (Spreads): 0.10 index points ($25.00) for premium > 10.00 index points ($2,500) CPC and Pit Regular Tick (Spreads): 0.05 index points ($12.50) for premium at or below 10.00 index points ($2,500) 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: EV1,EV2,EV3,EV4 CME ClearPort: EV1,EV2,EV3,EV4 Open Outcry: EV1,EV2,EV3,EV4 Clearing: EV1,EV2,EV3,EV4
Listed Contracts	At any given time, four nearest weeks of EV1, EV2, and EV4 (Weeks 1, 2 & 4) and three nearest weeks of EV3 (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	351A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	EV3 (Week 3) At all multiples of 25 index points within ±50% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures. At all multiples of 10 index points within ±20% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures. Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures. EV1, EV2 and EV4 (Week 1, 2 & 4) Strike Listing rules will be independent of existing quarterly strike replication 25 index point integer multiples: +15% to -35% of the prior day’s settlement price on the underlying future contract 10 index point integer multiples: +10% to -25% of the prior day’s settlement price on the underlying future contract 5 index point integer multiples: +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	S&P 500 Futures

Contract Unit	One S&P 500 futures contract
Minimum Price Fluctuation	Globex Regular Tick: 0.10 index points ($25.00) for premium > 5.00 index points ($1,250) Globex Reduced Tick: 0.05 index points ($12.50) for premium at or below 5.00 index points ($1,250) CPC and Pit Regular Tick (Outrights): 0.10 index points ($25.00) for premium > 5.00 index points ($1,250) CPC and Pit Reduced Tick (Outrights): 0.05 index points ($12.50) for premium at or below 5.00 index points ($1,250) CPC and Pit Regular Tick (Spreads): 0.10 index points ($25.00) for premium > 10.00 index points ($2,500) CPC and Pit Regular Tick (Spreads): 0.05 index points ($12.50) for premium at or below 10.00 index points ($2,500) 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: S1C,S2C,S3C,S4C,S5C CME ClearPort: S1C,S2C,S3C,S4C,S5C Open Outcry: S1C,S2C,S3C,S4C,S5C Clearing: S1C,S2C,S3C,S4C,S5C
Listed Contracts	At any given time, two nearest weeks of S1C, S2C, S3C, S4C, and S5C will be listed for trading
Termination Of Trading	4:00 p.m. ET on Wednesday of the named week
Position Limits	CME Position Limits
Exchange Rulebook	CME 351A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limit or Circuit Breaker
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Listing rules will be independent of existing quarterly strike replication 5 index point integer multiples: +5% to -15% of the prior day’s settlement price on the underlying future contract 10 index point integer multiples: +10% to -25% of the prior day’s settlement price on the underlying future contract 25 index point integer multiples: +15% to -35% 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	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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