CME Group E-mini S&P 500
| E-mini S&P 500 Futures | |
|---|---|
| Contract Unit | $50 x S&P 500 Index |
| Trading Hours | CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 4:15 p.m. - 4:30 p.m.
BTIC: Sunday - Friday 6:00 p.m. - 4:00 p.m. ET Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET TACO on CME Globex: Sunday - Friday 6:00 p.m. - 9:30 a.m. ET. Monday - Thursday 11:00 a.m. - 5:00 p.m. ET; no 11:00 a.m.- 5:00 p.m. ET session on Friday. Monday - Thursday 5:00 p.m. - 6:00 p.m. ET daily maintenance period. TACO on Clearport: Sunday 6:00 p.m. - Monday 9:30 a.m. ET. Monday - Thursday 11:00 a.m. - 5:00 p.m. ET and 6:00 p.m. - 9:30 a.m. ET. Friday 11:00 a.m. - 5:00 p.m. ET. Monday - Thursday 5:00 p.m. - 6:00 p.m. ET daily maintenance period. |
| Minimum Price Fluctuation | Outright: 0.25 index points = $12.50
Calendar Spread: 0.05 index points = $2.50 BTIC: 0.05 index points = $2.50 TACO (ESQ): 0.05 index points = $2.50 |
| Product Code | CME Globex: ES
CME ClearPort: ES Clearing: ES BTIC: "EST","ESQ" |
| Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters |
| Settlement Method | Financially Settled |
| Termination of Trading | Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month
BTIC trading terminates at 4:00 p.m. ET on the Thursday before the 3rd Friday of contract month TACO trading terminates at 9:30 a.m. ET on the Thursday before the 3rd Friday of the contract month |
| Settlement Procdures | Settlement Procedures |
| Position Limits | CME Position Limits |
| Exchange Rulebook | CME 358 |
| Price Limit or Circuit | Price Limits |
| Vendor Codes | Quote Vendor Symbols Listing |
| E-mini S&P 500 Options | ||
|---|---|---|
| Contract Unit | One E-mini S&P 500 futures contract | |
| Minimum Price Fluctuation | Regular tick: 0.25 index points = $12.50, for premium greater than 5.00
Reduced tick: 0.05 index points = $2.50, for premium less than or equal to 5.00 CAB: 0.05 index points = $2.50 | |
| Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a daily trading halt from 4:15 p.m. - 4:30 p.m. ET |
| CME CLearport: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | |
| Product Code | CME Globex: ES
CME ClearPort: ES Clearing: ES | |
| Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters | |
| Termination of Trading | Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract quarter. | |
| Position Limits | CME Position Limits | |
| Exchange Rulebook | CME 358 A | |
| 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 Procedure | American Style. An option can be exercised until 6:30 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 6:30 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 | E-mini S&P 500 Futures | |
| E-mini S&P 500 Weekly Options | |||
|---|---|---|---|
| Contract Unit | One E-mini S&P 500 futures contract | ||
| Minimum Price Fluctuation | Regular Tick: 0.25 = $12.50 per tick, for premium > 5.00
Reduced Tick: 0.05 = $2.50 per tick, for premium <= 5.00 CAB: 0.05 = $2.50 per tick | ||
| Price Quotation | U.S. cents per pound | ||
| Trading Hours | CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 4:15 p.m. - 4:30 p.m.
Clearport: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | ||
| Product Code | CME Globex: EW1,EW2,EW3,EW4
CME ClearPort: EW1,EW2,EW3,EW4 Clearing: EW1,EW2,EW3,EW4 | ||
| Listed Contracts | At any given time, four nearest weeks of EW1, EW2, and EW4 (Weeks 1, 2 & 4) and three nearest weeks of EW3 (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 | 358A | ||
| Price Limit or Circuit | Price Limits | ||
| Vendor Codes | Quote Vendor Symbols Listing | ||
| Strike Price Listing Procedures | EW3 (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 EW1, EW2 and EW4 (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. | ||
| Settlemnt Method | Deliverable | ||
| Underlying | E-mini S&P 500 Futures | ||
| E-mini S&P 500 EOM futures and options | ||
|---|---|---|
| Contract Unit | One E-mini S&P 500 futures contract | |
| Minimum Price Fluctuation | Regular tick: 0.25 index points = $12.50, for premium greater than 5.00
Reduced tick: 0.05 index points = $2.50, for premium less than or equal to 5.00 CAB: 0.05 index points = $2.50 | |
| Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a daily trading halt from 4:15 p.m. - 4:30 p.m. ET |
| CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | |
| Product Code | CME Globex: ES
CME ClearPort: ES Clearing: ES | |
| Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters | |
| Terminstion of Trading | Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract quarter. | |
| Position Limits | CME Position Limits | |
| Exchange Rulebook | CME 358 A | |
| 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 | |
| Excercise Procedure | American Style. An option can be exercised until 6:30 p.m. ET on any business day the option is traded | |
| Settlememt 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 6:30 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 Procedure | Deliverable | |
| Underlying | E-mini S&P 500 Futures | |
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