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Options Contract Specifications

The S&P 500 futures contract specifications tell you how the S&P 500 futures options trade, not how to trade S&P 500 futures options. Before you consider opening a futures account, you should consult with a licensed currencies broker.

Trade UnitOne S&P 500 Stock Price Index futures contract
Point Descriptions1 point = .01 index points = $2.50
Contract ListingFour months in the March quarterly cycle and two months not in the March cycle (serial months). Mar, Jun, Sep, Dec.
Strike Price IntervalGenerally, intergers divisible by 25 without remainder.Under specified conditions, strikes that are integers divisible by 5 without remainder may be added.
Product CodeClearing=SP
Ticker
Call=CS
Put=PS
American Flex:
Calls=XPC
Puts=XPP
European Flex:
Calls=YPC
Puts=YPP
Trading Venue: Floor
Hours8:30 a.m.-3:15 p.m. Month end(3:15 p.m.) LTD(3:15 p.m.)
ListedAll listed series.
StrikeAll listed intervals
LimitsOptions trading halted when lead S&P futures lock limit.
Minimum FluctuationRegular0.10=$25.00 for premium >5.00
Half Tick0.05=$12.50 for premium < or =5.00
Cab0.05=$12.50
Trading Venue: CME® Globex®
HoursMon/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.
ListedFirst month in the March quarterly cycle and two serial months.
Strike12 strikes up & down, and including, the strike nearest the money.
LimitsOptions trading halted when lead S&P futures lock limit.
Minimum FluctuationRegular0.10=$25.00 for premium >5.00
Half Tick0.05=$12.50 for premium < or =5.00
Cab0.05=$12.50

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