CME Group S&P 500
From MarketsWiki
| This page is sponsored by... |
 |
| Standard & Poor's 500 Index futures | ||
|---|---|---|
| Exchange | CME Group | |
| Settlement | Cash settled | |
| Point Value | 1 point = .01 index points = $2.50 | |
| Tick Value | Regular: 0.10=$25.00. Calendar Spread: 0.05=$12.50 | |
| Contract Months | 8 months in the March quarterly cycle. Mar, Jun, Sep, Dec. | |
| Last Trading Day | Business day immediately preceding the day of determination of the Final Settlement Price (normally, the Thursday prior to the 3rd Friday of the contract month)
unit = $250 times the Standard & Poor's 500 Stock Price Index | |
| Open Outcry | Electronic | |
| Trading Hours | 8:30 a.m.-3:15 p.m. Chicago time | Mon/Thurs 5:00 p.m.-8:15 a.m. & 3:30 p.m.-4:30 p.m.; Shutdown period from 4:30 p.m. to 5:00 p.m. nightly; Sun & Hol 5:00 p.m.-8:15 a.m. Chicago time |
| Ticker Symbol | Clearing=SP; Ticker=SP | Clearing=SP; Ticker=SP |
| Price Limits | Price Limits corresponding to three levels: 10%, 20%, 30% (The percentage price limits are calculated at the beginning of each calendar quarter. Trading halts are coordinated with trading halts in the primary securities markets. | Price limit corresponding to a 5% INCREASE or DECREASE from the Prior Settlement Price. |
| Standard & Poor's 500 Index options | ||
| Trade Unit | One futures contract | |
| Point Value | 1 point = .01 index points = $2.50 | |
| Tick Value | Regular 0.10=$25.00 for premium >5.00; Half Tick 0.05=$12.50 for premium < or =5.00; Cabinet 0.05=$12.50 | |
| Option Months | Four months in the March quarterly cycle and two months not in the March cycle (serial months). Mar, Jun, Sep, Dec. | |
| Strike Prices | 12 strikes up & down, and including the strike nearest the money. Generally, intergers divisible by 25 without remainder.Under specified conditions, strikes that are integers divisible by 5 without remainder may be added. | |
| Exercise Style | American and European (see ticker symbols) | |
| Option Expiration Day | Need OED rules! | |
| Open Outcry | Electronic | |
| Trading Hours | 8:30 a.m.-3:15 p.m. Month end(3:15 p.m.); Last Trading Day - 3:15 p.m. | Mon/Thurs 5:00 p.m.-8:15 a.m. & 3:30 p.m.-4:30 p.m.; Shutdown period from 4:30 p.m. to 5:00 p.m. nightly; Sun & Hol 5:00 p.m.-8:15 a.m. |
| Ticker Symbol | Same as outcry symbols for electronic trading |
Ticker
American Flex:
European Flex:
|
| Price Limits | Same as electronic trading | Options trading halted when lead S&P futures lock limit. |
Notes
Also See
CME Group stock index products
