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Options on S&P 500 Stock Price Index Futures Contract Specs

Contract Unit One S&P 500 futures contract
Minimum Price Fluctuation 0.10 index points = $25.00
CAB: 0.05 index points = $12.50
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a trading halt from 3:15 p.m. - 3:30 p.m. (4:15 p.m. - 4:30 p.m. ET) and a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Product Code CME Globex: YPB
CME ClearPort: YPB
Clearing: YPB
Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 1 quarter
Termination Of Trading Trading terminates at 3:15 p.m. CT on the Thursday prior to the third 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 N/A
Exercise Style European
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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