S&P MidCap 400
Options on S&P MidCap 400 Index futures provide a way to:
- Limit downside risk while maintaining exposure to the most widely followed indicator of performance in the mid-cap equity sector of the stock market
- Accommodate a range of strategies, different market environments and varied objectives
Things to know:
- The contract trades via open outcry on the trading floor
- CME Clearing matches and settles all trades and guarantees counterparty creditworthiness
Introduced in 1991, the S&P MidCap 400 is now the most widely used index for mid-sized companies. Today, mid caps are being recognized as an independent asset class, with risk/reward profiles that differ considerably from both large-caps and small-caps. S&P MidCap 400 is a core component of the U.S. indexes that could be used as building blocks for portfolio construction.
The S&P MidCap 400 Index constituents exhibit the following characteristics:
- Market Coverage – Over 7% of the U.S. equities market
- Weighting – Market capitalization
- Market Capitalization – US$ 1 billion to US$ 4.5 billion
- Public Float – At least 50%
- Reconstitution – As needed basis
View free real-time quotes on a variety of electronically traded CME Group products
Euro-denom. E-mini S&P 500 Futures to Launch Oct. 27
Capitalize on compelling new spreading opportunities while gaining exposure to the euro and the U.S. large-cap benchmark in a single trade.
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
Reduced fees for spread-traded E-mini options
Effective though December 2008
- Equity Index Price Limits
- Equity Index Products Research Center
- Equity Index Choices center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
| Trade Unit | One S&P MidCap 400 Stock Price Index futures contract. | ||||
| Settle Method | Delivery | ||||
| Point (Tick) Size | .01 index point = $5.00 | ||||
| Strike Price Interval | |||||
| Strike | All listed intervals | ||||
| Limits/Price Banding | Options trading halted when lead MidCap S&P 400 futures lock limit. | ||||
| Minimum Fluctuation |
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| Trading Hours | 8:30 a.m.-3:15 p.m. LTD: 3:15 pm | ||||
| Listed | The underlying MidCap S&P 400 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 Calls/Puts=MD Ticker Calls/Puts=MD American Flex: Calls=XZC Puts=XZP European Flex: Calls=YZC Puts=YZP | ||||
| Minimum Block Size | |||||
| Product Calendar | Four months in the March quarterly cycle. Non-March quarterly cycle months may be listed based on demand. Mar, Jun, Sep, Dec. View current product listings |
Euro-denom. E-mini S&P 500 Futures to Launch Oct. 27
Capitalize on compelling new spreading opportunities while gaining exposure to the euro and the U.S. large-cap benchmark in a single trade.
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
Reduced fees for spread-traded E-mini options
Effective though December 2008
- Equity Index Price Limits
- Equity Index Products Research Center
- Equity Index Choices center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| OCT08 | MDV08 | 07/21/2008 |  |
10/17/2008 | 10/17/2008 |
| NOV08 | MDX08 | 08/18/2008 | |
11/21/2008 | 11/21/2008 |
| DEC08 | MDZ08 | 12/21/2007 | |
12/18/2008 | 12/19/2008 |
| MAR09 | MDH09 | 03/20/2008 | |
03/19/2009 | 03/20/2009 |
| JUN09 | MDM09 | 06/20/2008 | |
06/18/2009 | 06/19/2009 |
| SEP09 | MDU09 | 09/19/2008 | |
09/17/2009 | 09/18/2009 |
| Contract Month | Product Code | First Trade Date | Last Trade Date> | Settlement Date | |
| JAN09 | MDF09 | 10/20/2008 | |
01/16/2009 | 01/16/2009 |
Euro-denom. E-mini S&P 500 Futures to Launch Oct. 27
Capitalize on compelling new spreading opportunities while gaining exposure to the euro and the U.S. large-cap benchmark in a single trade.
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
Reduced fees for spread-traded E-mini options
Effective though December 2008
- Equity Index Price Limits
- Equity Index Products Research Center
- Equity Index Choices center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
- Equity Index Price Limits
- Equity Index Products Research Center
- Equity Index Choices center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A