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S&P 500 / Citigroup Growth

Product Overview

Options on S&P 500/Citigroup Growth futures provide a way to efficiently gain exposure to the growth-oriented companies of the S&P 500 Index with limited downside risk and maximum upside potential. They also enable you to:

  • Flexibly construct a range of strategies suitable for any market environment and objective
  • Benefit from potentially lower trading costs compared to trading individual stocks or Exchange-Traded Funds (ETFs)
  • Benefit from guaranteed counterparty credit and central clearing by CME Clearing

Things to know:

  • CME S&P 500/Citigroup Growth options expire on a quarterly basis and are listed two months out in the March quarterly cycle and two serial months
  • Strike prices are listed in 2.5 point intervals for the nearest two months and 5-point intervals for deferred months
  • They trade electronically on the CME Globex platform, virtually around the clock, around the world

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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 Standard & Poor's 500/CITICORP Growth Index futures contract.
Settle Method Cash Settled
Point Size 1 point = .01 index points = $2.50
Strike Price Interval
Strike All listed intervals
Limits/Price Banding Options trading halts when lead S&P 500 Citicorp Growth index futures lock limit.
Tick Size (Minimum Fluctuation)
Regular0.1=$25.00 for premium >5.00
Half Tick0.05=$12.50 for premium < or =5.00
Cab0.05=$12.50
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: 3:15 pm
Listed The underlying S&P 500 Citicorp Growth 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=SG Ticker Calls/Puts=SG American Flex: Calls=XGC Puts=XGP European Flex: Calls=YGC Puts=YGP
Minimum Block Size
Product Calendar Two months in the March quarterly cycle and two months not in the March cycle (serial months) & Flex® Options. 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 SGU08 03/20/2008 Add to Outlook 09/18/2008 09/19/2008
OCT08 SGV08 07/21/2008 Add to Outlook 10/17/2008 10/17/2008
NOV08 SGX08 08/18/2008 Add to Outlook 11/21/2008 11/21/2008
DEC08 SGZ08 06/20/2008 Add to Outlook 12/18/2008 12/19/2008
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.