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What does trading an ES mean?
E-mini S&P futures
The trading symbol for E-mini S&P futures is “ES.” You’ll often see them referred to as “ES” rather than their full name. ES contracts correspond to a month, similar to the way options on a stock may expire weekly.
What does ES stand for in futures trading?
The E-mini S&P 500 futures contract tracks the S&P 500 Index. It trades on the Chicago Mercantile Exchange under the ticker symbol ES.
Can you trade options on ES?
Trading in options allows the trader to speculate on futures contract price fluctuations, and it is accomplished by buying call or put options. One of the popular futures that is trading is the ES futures (E-Mini S&P 500 futures options).
What are ES trade hours?
E-mini S&P 500 futures contract specifications
| Exchange | Chicago Mercantile Exchange, ES |
|---|---|
| Minimum Tick Size and Value | 0.25, worth $12.50 per contract. |
| Trading Times | E-mini S&P 500 futures trade on the CME Globex® trading platform, from 6:00 p.m. U.S. ET all the way until 5:00 p.m. U.S. ET the following afternoon. |
How much money do you need to trade ES futures?
E-mini futures, especially the E-mini S&P 500 futures (ES) typically have the lowest day trading margins, $500 with some brokers. 4 That means the trader only needs $500 in the account (plus room for price fluctuations) to buy or sell one E-mini S&P 500 contract.
Is ES and SPX the same?
SPX is the S&P 500 Index. The index cannot be traded directly but options based on the SPX trade an average of more than 800,000 contracts per day. /ES represents the E-mini S&P 500 futures contract.
Can I trade the S&P mini futures?
Mini S&P 500 futures may also be spread against other popular stock index futures, like Dow futures, or against futures on individual stocks. It is important to understand the benefits and risks involved with E-Mini S&P 500 futures before placing a futures trade.
How do es options settle?
If the options and the future expire in different months, the options settle to the future. For example if we have FEB /ES Call that expires ITM, we end up with a MAR /ES Future. But, if a MAR Call expires ITM, it settles to cash.
How much do you need to trade ES futures?
What time do es options settle?
Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract quarter. Option exercise results in a position in the underlying cash-settled futures contract….CME Group E-mini S&P 500.
| E-mini S&P 500 Futures | |
|---|---|
| Settlement Method | Financially Settled |
What time of day do es options expire?
According to NASDAQ, options technically expire at 11:59 AM Eastern Standard time on the date of expiration, which is a Saturday, oddly enough. Public holders of options contracts, however, must indicate their desire to trade no later than 5:30 PM on the business day preceding the option expiration date.