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S&P 500 / Citigroup Value

Product Overview

Options on S&P 500/Citigroup Value futures provide a way to limit downside risk and maximize upside potential while maintaining exposure to the value-oriented companies of the S&P 500 Index. They also enable you to:

  • Benefit from potentially lower trading costs compared to trading individual stocks or Exchange-Traded Funds (ETFs)
  • Accommodate a range of strategies, different market environments and varied objectives
  • Effectively replicate – together with our other equity products – all your global equity exposure on a single platform

Things to know:

  • Contracts trade solely electronically on the CME Globex platform
    • Virtually around the clock, around the world
    • Complete price transparency and anonymity
  • CME Clearing matches and settles all trades and guarantees counterparty creditworthiness

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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
Report Type

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Contract Specification View
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Trade Unit One Standard & Poor's 500/CITICORP Value Price Index futures contract.
Settle Method Cash Settled
Point Size .01 index points = $2.50
Strike Price Interval
Strike All listed intervals
Limits/Price Banding Options trading halted when lead S&P 500 Citicorp Value 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 for premium > or = 5.00
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 BARRA Value 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=SU Ticker Calls/Puts=SU American Flex: Calls=XWC Puts=XWC European Flex: Calls=YWC Puts=YWP
Minimum Block Size
Product Calendar Two 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 SUU08 03/20/2008 Add to Outlook 09/18/2008 09/19/2008
OCT08 SUV08 07/21/2008 Add to Outlook 10/17/2008 10/17/2008
NOV08 SUX08 08/18/2008 Add to Outlook 11/21/2008 11/21/2008
DEC08 SUZ08 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.