More Expirations for More Precise Trading and Risk Management
Traders turn to the precision of CME Group’s weekly expiring options to enhance existing positions or to lay off risk and capture trading opportunities around market-moving events, including Sunday elections, Tuesday or Wednesday FOMC meetings, Thursday Jobless Claims, Friday Unemployment reports.
- Deep liquidity across all six major asset classes
- Event-driven trading throughout the week
- Trade gamma and capture arbitrage opportunities
- Strengthen existing positions for short-term market fluctuations
- Add to a futures hedge to capture opportunity with defined risk
- Access optionality over the entire term structure
- Pay less in premiums due to less time covered
| Contract | Weekly Expiry | CME Globex | Bloomberg | Refinitiv |
|---|---|---|---|---|
| Equity Options | ||||
| E-mini S&P 500 | Monday | E1A-E5A | IWWA Index | 0#1AEW+ |
| Tuesday | E1B-E5B | IMBA Index | 0#E1BW+ | |
| Wednesday | E1C-E5C | IEWA Index | 0#ECW+ | |
| Thursday | E1D-E5D | IMDA Index | 0#E1DW+ | |
| Friday | EW1-EW4 | 1EA Index - 4EA Index | 0#ESW+ | |
| Micro E-mini S&P 500 | Friday | EX1-EX4 | HXSA | 1EX1W-1EX4W |
| E-mini Nasdaq-100 | Monday | Q1A-Q5A | QNBA Index | 1QNC1W- 1QNC5W |
| Wednesday | Q1C-Q5C | QNCA Index | 1QNA1W- 1QNA5W | |
| Friday | QN1-QN4 | 1OA Index - 4OA | 0#1NQW+ | |
| Micro E-mini Nasdaq-100 | Friday | MQ1-MQ4 | HWYA Index | 1MQ1W-1MQ4W |
| E-mini Dow ($5) | Friday | YM1-YM5 | 1FA Index – 4FA Index | 0#1YMW+ |
| E-mini Russell 2000 | Monday | R1A-R5A | MRYA Index | 0#1AR1W+ |
| Wednesday | R1C-R5C | WRYA Index | 0#1RC1W+ | |
| Friday | R1E-R4E | RUWA Index | 0#1RTYW+ | |
| Interest Rate Options | ||||
| 2-Year Note | Wednesday | WT1-5 | TUIA Comdty | 0#WTW+ |
| Friday | ZT1-5 | 1W-5W | 0#TUW+ | |
| 5-Year Note | Wednesday | WF1-5 | FVWA Comdty | 0#WFW+ |
| Friday | ZF1-5 | 1I-5I | 0#FVW+ | |
| 10-Year Note | Wednesday | WY1-5 | TYYA Comdty | 0#WYW+ |
| Friday | ZN1-5 | 1M-5M | 0#TYW+ | |
| Ultra 10-Year Note | Wednesday | WX1-5 | UXTA Comdty | 0#WXW+ |
| Friday | TN1-5 | UXW | 0#TNW+ | |
| T-Bond | Wednesday | WB1-5 | USYA Comdty | 0#WBW+ |
| Friday | ZB1-5 | 1C-5C | USW+ | |
| Ultra T-Bond | Wednesday | WU1-5 | WNYA Comdty | 0#WUW+ |
| Friday | UB1-5 | 1J-5J | 0#AULW+ | |
| FX Options | ||||
| EUR/USD | Monday | MO1-MO5 | DZWA | 0#1MOW+ |
| Wednesday | WE1-WE5 | WEYA | 0#1WEW+ | |
| Friday | 1EU-5EU | UAW | 0#1EUUW+ | |
| GBP/USD | Monday | MB1-MB5 | BDWA | 0#1MBW+ |
| Wednesday | WG1-WG5 | WLYA | 0#1WGW+ | |
| Friday | 1BP-5BP | BGW | 0#1GBUW+ | |
| JPY/USD | Monday | MJ1-MJ5 | JPWA | 0#1MJW+ |
| Wednesday | WJ1-WJ5 | WJYA | 0#1WJW+ | |
| Friday | 1JY-5JY | JAW | 0#1JPUW+ | |
| CAD/USD | Monday | MD1-MD5 | CFWA | 0#1MDW+ |
| Wednesday | WD1-WD5 | WCBA | 0#1WDW+ | |
| Friday | 1CD-5CD | UDW | 0#1CHUW+ | |
| AUD/USD | Monday | MA1-MA5 | ARWA | 0#1MAW+ |
| Wednesday | WA1-WA5 | WABA | 0#1WASW+ | |
| Friday | 1AD-5AD | AUW | 0#1ADUW+ | |
| Energy Options | ||||
| WTI Crude Oil | Friday | LO1-5 | CLWA Comdty | 0#CLW+ |
| Brent Crude Oil | Friday | BW1-5 | BZCA Comdty | 0#BZZW+ |
| Natural Gas | Friday | LN1-5 | GKWA Comdty | |
| Metals Options | ||||
| Gold | Friday | OG1-5 | XGCA Comdty OMON <GO> | 0#GCW+ |
| Silver | Friday | SO1-5 | WSIA Comdty OMON <GO> | |
| Copper | Friday | H1E-H5E | HGWA Comdty OMON <GO> | |
| Ag Options | ||||
| Corn | Friday | ZC1-5 | 1-5XA Comdty | 0#CW+ |
| Soybeans | Friday | ZS1-5 | 1-5SA Comdty | 0#SWW+ |
| SRW Wheat | Friday | ZW1-5 | 1-5WA Comdty | 0#WW+ |
| Soybean Meal | Friday | ZM1-5 | 1-5DA | 0#SMW+ |
| Soybean Oil | Friday | ZO1-5 | 1-5AA | 0#BOW+ |
CME FedWatch
Gauge the market’s expectation of an upcoming rate hike.
Open Interest Heatmap
Gain insight into market sentiment through the lens of put/call open interest.
Cross Correlation Tool
Track cross-asset product relationships to identify how activity in one market might affect another.
Options Expiration Calendar
View or download a year’s worth of expiration dates, including yet-to-be-listed weekly options.
Options Calculator
Generate fair value prices and Greeks for any of CME Group’s options on futures contracts.
Volatility Term Structure Tool
Compare charts of current implied volatilities across expiration to the view from one week earlier.
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Commodities as an Inflation Hedge
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- By K.T. Arasu
- June 22, 2022
- Commodities are outperforming equities, underscoring their credentials as a hedge against rising inflation, and a portfolio diversifier.
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Fed Quantitative Tightening, Dividends and Risk to Equities
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- By Erik Norland
- June 16, 2022
- Could Fed's reversal of quantitative easing deepen the rout in equities? Dividends might offer a clue.
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Copper Options Signal Uncertainty
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- By Erik Norland
- June 14, 2022
- Implied volatility in copper options is higher than the pre-pandemic range, signaling an elevated level of market uncertainty.
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A curious case of Dr. Copper
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- By Inspirante Trading Solutions
- May 25, 2022
- The article examines recent copper price and how to hedge the price moves, given the market's consideration of the widely used base metal as a reliable barometer of the economic cycles.
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Concerns Emerge Even as Dividends Rise
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- By Erik Norland
- May 24, 2022
- Dividend payments are rising even as equity markets retreat, but rising input costs and long-term bond yields pose headwinds.
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