| CME S&P 500 Citigroup Value Index Options |
| Trade Unit |
One Standard & Poor's 500/CITICORP Value Price Index futures contract. |
| Point Descriptions |
.01 index points = $2.50 |
| Contract Listing |
Two months in the March quarterly cycle and two months not in the March cycle (serial months). Mar, Jun, Sep, Dec. |
| Strike Price Interval |
N/A |
| Product Code |
Clearing
Calls/Puts=SU
Ticker
Calls/Puts=SU
American Flex:
Calls=XWC
Puts=XWC
European Flex:
Calls=YWC
Puts=YWP
|
| Trading Venue: CME® Globex® |
| Hours |
Mon/Thurs 5:00 p.m.-3:15 p.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.-3:15 p.m. Month end(3:15 p.m.)
LTD(3:15 p.m.)^ |
| Listed |
The underlying S&P 500 BARRA Value futures percentage price limits are calculated at the beginning of each calendar quarter. Trading halts are coordinated with trading halts in the primary securities markets. |
| Strike |
All listed intervals |
| Limits |
Options trading halted when lead S&P 500 BARRA Value 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 for premium > or = 5.00 |
