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E-mini S&P 500

Product Overview

Options on E-mini S&P 500 Index futures provide a way to limit downside risk while maintaining exposure to the key benchmark for large-cap U.S. stocks. They also enable you to:

  • Accommodate a range of strategies, different market environments and varied objectives

Things to know:

  • We also offer end-of-month, European-style options on the S&P 500
  • Dedicated market makers continuously quote competitive markets
  • Markets are highly liquid with tight bid/ask spreads
  • Contracts trade solely electronically on the CME Globex platform, virtually around the clock, around the world, with complete price transparency and anonymity
  • CME Clearing matches and settles all trades and guarantees counterparty creditworthiness
  • You can track prices on this product by viewing free live quotes

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General News & Announcements for Equity
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Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products


Reduced Fees on Spread-Traded E-mini Options

Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options: 

ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options


Block trades for E-mini Russell 2000

CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.


CME Product Market Data
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Contract Specification View
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Trade Unit One E-mini Standard & Poor's 500 Stock Price Index futures contract.
Settle Method Delivery
Point Size 1 point = .01 index points = $0.50
Strike Price Interval
Strike All listed intervals
Limits/Price Banding
Tick Size (Minimum Fluctuation)
Regular0.25=$12.50 for premium >5.00
Half Tick0.05=$2.50 for premium < or =5.00
Cab0.05=$2.50
Trading Hours Mon/Thurs 5:00 p.m.-3:15 p.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.-3:15 p.m. LTD: 8:30 am for quarterlies; 3:15 p.m. for serials
Listed The underlying E-mini S&P 500 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.
Product Codes Clearing=ES Ticker=ES
Minimum Block Size
Product Calendar Four months in the March quarterly cycle and two months not in the March cycle (serial months). Mar, Jun, Sep, Dec.
View current product listings
General News & Announcements for Equity
RSS

Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products


Reduced Fees on Spread-Traded E-mini Options

Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options: 

ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options


Block trades for E-mini Russell 2000

CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.


Contracts Currently Eligible to Trade and Recently Expired Contracts
Contract Month Product Code First Trade Date Last Trade Date Settlement Date
SEP08 ESU08 09/24/2007 Add to Outlook 09/19/2008 09/19/2008
OCT08 ESV08 05/19/2008 Add to Outlook 10/17/2008 10/17/2008
NOV08 ESX08 07/21/2008 Add to Outlook 11/21/2008 11/21/2008
DEC08 ESZ08 12/24/2007 Add to Outlook 12/19/2008 12/19/2008
JAN09 ESF09 08/18/2008 Add to Outlook 01/16/2009 01/16/2009
MAR09 ESH09 03/24/2008 Add to Outlook 03/20/2009 03/20/2009
JUN09 ESM09 06/23/2008 Add to Outlook 06/19/2009 06/19/2009
General News & Announcements for Equity
RSS

Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products


Reduced Fees on Spread-Traded E-mini Options

Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options: 

ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options


Block trades for E-mini Russell 2000

CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.