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) |
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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 |
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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 |
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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) 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 EV1, EV2 and EV4 (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 | S&P 500 Futures |

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.