S&P 500 QUARTERLY PM OPTIONS - CONTRACT SPECS

    Please be advised that effective Sunday, June 6, 2021 for trade date Monday, June 7, 2021, changes will be applied to the E-mini S&P 500 Stock Price Index Futures and Related Options Contracts. Please refer to SER #8776 to access these changes.

Options
Contract Unit 1 S&P 500 Stock Price Index Futures contract
Minimum Price Fluctuation Outright: 0.10 index points = $25.00 for premium is above 5.00

Reduced Tick: 0.05 index points = $12.50 for premium at or below 5.00
CALENDAR SPREAD 0.10 index points = $25.00 for premium is above 5.00

Reduced Tick: 0.05 index points = $12.50 for premium at or below 5.00
Price Quotation $250 x Standard and Poor’s 500 Stock Price Index
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. Central Time (CT) with a trading halt from 3:15 p.m. – 3:30 p.m. CT.
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. Central Time (CT) with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT.
Product Code CME Globex: YPC
CME ClearPort: YPC
Clearing: YPC
Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters 
Termination Of Trading Trading terminates 3:00 p.m. CT on the 3rd Friday of the contract month.  
Position Limits CME Position Limits
Exchange Rulebook CME 351A
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strikes of 100, 200, 1100, 2100, 2200, 3100 and 4100 available for each contract month,and in addition permit additional strikes to be created by special request at a multiple of 100 index points.
Exercise Style 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 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol ESF) of the E-mini Standard and Poor’s 500 Stock Price Index Futures in the last 30 seconds of trading on expiration day (2:59:30 p.m.- 3:00:00 p.m. CT) 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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