CME Group S&P 500 End-of-Month (EOM) Options

S&P 500 EOM Options 	S&P 500 EOM Options 	S&P 500 EOM Options
Contract Unit 	One S&P 500 futures contract 	One S&P 500 futures contract
Minimum Price Fluctuation 	CME ClearPort and Open Outcry: 	Regular Tick (Outrights): 0.10 index points = $25.00 when premium is above 5.00 index points
Reduced Tick (Outrights): 0.05 index points = $12.50 when premium is at or below 5.00 index points
Regular Tick (Spreads): 0.10 index points = $25.00 when premium is above 10.00 index points
Reduced Tick (Spreads): 0.05 index points = $12.50 when premium is at or below 10.00 index points
Minimum Price Fluctuation 	CME Globex: 	Regular Tick: 0.10 index points = $25.00 when premium is above 5.00 index points
Reduced Tick: 0.05 index points = $12.50 when premium is at or below 5.00 index points
CAB: 0.05 index points = $12.50
Trading Hours 	CME Globex: 	Sunday - Friday: 6:00 p.m. - 5:00 p.m. ET with a trading halt 9:15 a.m. - 4:30 p.m.
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Trading Hours 	Open Outcry: 	Monday - Friday: 9:30 a.m. - 4:15 p.m. ET
Product Code 	CME Globex: EV
CME ClearPort: EV
Open Outcry: EV
Clearing: EV 	CME Globex: EV
CME ClearPort: EV
Open Outcry: EV
Clearing: EV
Listed Contracts 	Monthly contracts listed for 6 consecutive months 	Monthly contracts listed for 6 consecutive months
Termination of Trading 	Open Outcry: 4:00 p.m. ET on last business day of the contract month
CME Globex: 9:15 a.m. ET on last business day of the contract month 	Open Outcry: 4:00 p.m. ET on last business day of the contract month
CME Globex: 9:15 a.m. ET on last business day of the contract month
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 351 A 	CME 351 A
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Stike Price Listing Procedures	100 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract 
50 index point integer multiples, when listed: +20% to -40% of the prior day’s settlement price on the underlying future contract 
10 index point integer multiples, when listed: +10% to -25% of the prior day’s settlement price on the underlying future contract 
5 index point integer multiples, 35 days prior to expiry (or 5 Weeks): +5% to -15% of the prior day’s settlement price on the underlying future contract	100 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract 
50 index point integer multiples, when listed: +20% to -40% of the prior day’s settlement price on the underlying future contract 
10 index point integer multiples, when listed: +10% to -25% of the prior day’s settlement price on the underlying future contract 
5 index point integer multiples, 35 days prior to expiry (or 5 Weeks): +5% to -15% of the prior day’s settlement price on the underlying future contract
Exercise Procedure 	European 	European
Settlement Procedure 	Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol ESF) of the E-mini S&P 500 futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.-4:00:00 p.m. ET) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.	Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol ESF) of the E-mini S&P 500 futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.-4:00:00 p.m. ET) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.
Settlement Method 	Deliverable 	Deliverable
Underlying 	S&P 500 Futures 	S&P 500 Futures
== Notes ==
== Resources ==
CME Group S&P 500 End-of-Month (EOM) Options Contract Specifications
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