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S&P 500 Monday Weekly Options - Contract Specs

Options
Contract Unit One E-mini S&P 500 futures contract
Minimum Price Fluctuation CME ClearPort and Open Outcry: Regular Tick (Outrights): 0.10 index points = $25.00 when premium is above 5.00 index points
Reduced Tick (Outrights): 0.05 index points = $12.50 when premium is at or below 5.00 index points
Regular Tick (Spreads): 0.10 index points = $25.00 when premium is higher than 10.00 index points
Reduced Tick (Spreads): 0.05 index points = $12.50 when premium is at or below 10.00 index points
CME Globex: Regular Tick: 0.10 index points = $25.00 when premium is above than 5.00 index points
Reduced Tick: 0.05 index points = $12.50 when premium is at or below 5.00 index points
CAB: 0.05 index points = $12.50
Trading Hours 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. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Open Outcry: Monday - Friday: 9:30 a.m. - 4:15 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 Monday weekly options listed for 4 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 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
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 Futures and Options

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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