CME Group S&P 500 End-of-Month (EOM) Options
| S&P 500 EOM Options | ||
|---|---|---|
| Contract Unit | One 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 above 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 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 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 | |
| Open Outcry: | Monday - Friday: 9:30 a.m. - 4:15 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 | |
| Stike 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 Procedure | 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 | |
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Resources[edit]
CME Group S&P 500 End-of-Month (EOM) Options Contract Specifications