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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 Unit | One S&P 500 Stock Price Index futures contract | |||
| Point Descriptions | 1 point = .01 index points = $2.50 | |||
| Contract Listing | Four months in the March quarterly cycle and two months not in the March cycle (serial months). Mar, Jun, Sep, Dec. | |||
| Strike Price Interval | Generally, intergers divisible by 25 without remainder.Under specified conditions, strikes that are integers divisible by 5 without remainder may be added. | |||
| Product Code | Clearing=SP Ticker Call=CS Put=PS American Flex: Calls=XPC Puts=XPP European Flex: Calls=YPC Puts=YPP | |||
| Trading Venue: Floor | ||||
| Hours | 8:30 a.m.-3:15 p.m. Month end(3:15 p.m.) LTD(3:15 p.m.) | |||
| Listed | All listed series. | |||
| Strike | All listed intervals | |||
| Limits | Options trading halted when lead S&P futures lock limit. | |||
| Minimum Fluctuation | Regular | 0.10=$25.00 for premium >5.00 | ||
| Half Tick | 0.05=$12.50 for premium < or =5.00 | |||
| Cab | 0.05=$12.50 | |||
| Trading Venue: CME® Globex® | ||||
| Hours | 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. | |||
| Listed | First month in the March quarterly cycle and two serial months. | |||
| Strike | 12 strikes up & down, and including, the strike nearest the money. | |||
| Limits | Options trading halted when lead S&P futures lock limit. | |||
| Minimum Fluctuation | Regular | 0.10=$25.00 for premium >5.00 | ||
| Half Tick | 0.05=$12.50 for premium < or =5.00 | |||
| Cab | 0.05=$12.50 | |||
Click here to contact a commodities broker with experience in the S&P 500 Index market.
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