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Options Contract Specifications The S&P
500 futures contract specifications tell you how the S&P 500 futures options trade, not how to trade S&P
500 futures options. Before you consider opening a futures account, you should consult with a licensed currencies broker.
| Trade Unit | One S&P 500 Stock Price Index futures
contract | | Point Descriptions | 1 point = .01 index points = $2.50 | | Contract Listing | Four months in the March quarterly
cycle and two months not in the March cycle (serial months). Mar, Jun, Sep, Dec. | | Strike Price Interval | Generally, intergers divisible
by 25 without remainder.Under specified conditions, strikes that are integers divisible by 5 without remainder may be added.
| | Product Code | Clearing=SP
Ticker
Call=CS
Put=PS
American Flex:
Calls=XPC
Puts=XPP
European Flex:
Calls=YPC
Puts=YPP | | Trading
Venue: Floor | | Hours | 8:30 a.m.-3:15 p.m. Month end(3:15 p.m.) LTD(3:15 p.m.) | | Listed | All listed series. | | Strike | All listed
intervals | | Limits | Options trading halted when lead S&P futures lock limit. | | Minimum Fluctuation | Regular | 0.10=$25.00 for premium >5.00 | | Half Tick | 0.05=$12.50 for premium
< or =5.00 | | Cab | 0.05=$12.50 | | Trading Venue: CME®
Globex® | | Hours | Mon/Thurs 5:00 p.m.-8:15 a.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.-8:15 a.m. | | Listed | First month in the March quarterly cycle and two serial months. | | Strike | 12 strikes
up & down, and including, the strike nearest the money. | | Limits | Options trading halted when lead S&P futures lock limit. | | Minimum Fluctuation | Regular | 0.10=$25.00 for premium >5.00 | | Half Tick | 0.05=$12.50 for premium
< or =5.00 | | Cab | 0.05=$12.50 |
Click here to contact a commodities broker with experience in the S&P 500 Index market.
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