Exchange Focus
CME Group: Available April 3: S&P 500 and E-mini S&P 500 Monday Weekly Options

March 2017

More Precise Equity Risk Management

Weekly Equity Index options on futures provide liquid, shorter-term risk management alternatives to quarterly S&P 500, E-mini S&P 500, NASDAQ-100 and Dow ($5) options with lower cost of premium.

S&P 500 and E-mini S&P 500 Monday Weekly options on futures will be available for trading beginning April 3.

The addition of Monday Weekly options provides you with the opportunity to fine-tune your trading strategies, particularly ahead of market-moving events and reports like the upcoming French election.

New Monday options will trade like existing Wednesday and Friday Weekly Index options, but they will expire on Mondays.

  • Available on standard and E-mini S&P 500 futures
  • European-style expiration1
  • Initial expirations available: April 17, April 24, May 1, May 8; following the initial listing, two expirations will be available at any time

Weekly options provide a deep pool of liquidity for market participants to express views on market moving events and economic reports – from national elections to monthly employment and inflation reports – nearly around-the-clock.

On November 9, 2016, following the U.S. election, more than 380,000 E-mini S&P 500 Wednesday and Friday Weekly options traded before the U.S. market open. In comparison, more than 20,000 Wednesday and Friday Weekly options traded on average during non-U.S. hours in 2016.

  1. On their expiration day, weekly and EOM options will be automatically exercised if the options are determined to be "in-the-money" using a volume-weighted average fixing price calculated by the exchange at 3:00 p.m. Central Time (CT). This special fixing price is calculated and disseminated by CME daily under the symbol "ESF."

Further information:

If you would like further information, please contact CME Group equities@cmegroup.com.