S&P 500 Index Options Contract Specs.
RETURN TO MAIN CONTRACT PAGE
| Trade Unit | One S&P 500 Stock Price Index futures contract |
| Point Descriptions | 1 point = .01 index points = $2.50 |
| Contract Listings | Four months in the March quarterly cycle and two months not in the March cycle (serial months). Mar, Jun, Sep, Dec. Current Listings |
| Strike Price Interval | Generally, integers divisible by 25 without remainder. Under specified conditions, strikes that are integers divided by 5 and 10 may be added. Flex? Options minimum strike interval is 0.05. ++ and ++++ |
| 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.)^ | Minimum Fluctuation | Regular | 0.10=$25.00 |
| Listed | The underlying S&P futures percentage price limits are calculated at the beginning of each calendar quarter. Trading halts are coordinated with trading halts in the primary securities markets. | Half Trick | 0.05=$12.50 for premium<0.0020 and combo trades with premium<0.0040. | |
| Strike | All listed intervals | Cab | 0.05=$12.50 | |
| Limits | Options trading halted when lead S&P futures lock limit. | |||
| 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. | Minimum Fluctuation | Regular | 0.10=$25.00 for premium >3.00 |
| Listed | First month in the March quarterly cycle and two serial months. | Half Trick | 0.05=$12.50 for premium < or =3.00 | |
| Strike | 12 strikes up & down, and including, the strike nearest the money. | Cab | 0.05=$12.50 | |
| Limits | Options trading halted when lead S&P futures lock limit. | |||