Product Groups
Getting Started
Get started in the FX markets with EBS.
Connect to the leading fixed income platforms, analytics and more.
Market Regulation Advisory Notices View All MRANs
Intraday Data
Services
Subscription Based Data
Keep track of products you’re interested in, view trading data and access all your contracts in a single location.
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
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: Quarterly contracts (Mar, Jun, Sep, Dec) listed for 8 consecutive quarters. CME Globex: Quarterly contracts (Mar, Jun, Sep, Dec) listed for 1 quarter. CME Clearport: Quarterly contracts (Mar, Jun, Sep, Dec) listed for 8 consecutive quarters. |
||||
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 | 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 the underlying future is the second closest contract: +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 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 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 |
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 | 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 | 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 |
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) 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 |
||||
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 | 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 |
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.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
CME Group / Chicago HQ
Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
© 2019 CME Group Inc. All rights reserved.
Careers | Site Map | Disclaimer | Privacy Policy | Cookie Policy | Terms of Use | Modern Slavery Act Transparency Statement