S&P 500 Annual Dividend Index
Futures and Options
S&P 500 Annual Dividend Options - Contract Specs
| Contract Unit | 1 S&P 500 Annual Dividend Index futures contract |
|---|---|
| Minimum Price Fluctuation | CME Globex: Outright: 0.05 index points ($12.50) for premium > 5.00 index points ($25.00) CAB: 0.025 index points ($6.25) Reduced Tick: 0.025 index points ($6.25) for premium at or below 5.00 index points ($25.00) CME ClearPort: Outright: 0.025 index points = $6.25 |
| Price Quotation | U.S. dollars and cents per index point |
| Trading Hours | CME Globex: Sunday 6:00 p.m. - Friday - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a daily maintenance period from 5:00 p.m. - 6:00 p.m. ET (4:00 p.m. - 5:00 p.m. CT) CME ClearPort: Sunday 6:00 p.m. - Friday 6:45 p.m. ET (Sun 5:00 - Fri 5:45 p.m. CT) with no reporting Monday - Thursday 6:45 p.m. - 7:00 p.m. ET (5:45 p.m. - 6:00 p.m. CT) |
| Product Code | CME Globex: SDA CME ClearPort: SDA Clearing: SDA |
| Listed Contracts | 5 December expiries listed at any time |
| Termination of Trading | Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Settlement Method | Deliverable |
| Underlying | S&P 500 Annual Dividend Index Futures |
About S&P 500 Annual Dividend Index Futures
Benefit from an efficient new way to hedge and express your views on the U.S. stock dividend market with S&P 500 Dividend annual futures. The S&P 500 Dividend Points Index (Annual) futures contract (SDA) is $250 times the S&P 500 Annual Dividend Points Index with the nearest 11 Decembers available for trading. The S&P 500 Dividend Points Index (Annual) (SPXDIVAN) tracks the accumulation of dividends on an annual basis and resets to zero after the expiration of the leading December contract.
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