CME Group S&P 500 End-of-Month (EOM) Options

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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

Notes[edit]

Resources[edit]

CME Group S&P 500 End-of-Month (EOM) Options Contract Specifications