S&P 500
Index Futures Quotes
The CME S&P 500 Index futures
contract is worth $250 X the value of the futures index and delivery is settled in cash; however, the vast majority
of the futures positions are offset well before delivery. The CME S&P 500 Index futures contract is priced in dollars
and cents.
Example of Futures Quote:
706.00
= 706 Points.
706 X $250 = $176,500 (value
of 1 contract at that price)
S&P 500 Index Options Quotes
The CME S&P 500 Index options contract control
one S&P futures contract. 12 strike prices are listed up and down from “at the money” at 5 point increments.
Example of Option Quote:
735 Call = 6.7 points so,
6.7 X $250 = $1,675.00 (price of option)
