Options on S&P 500 Index Futures

  • Specifications
    UnderlyingS&P 500 Index calculated by Standard and Poor’s.
    TickerISP
    Option styleAmerican.
    Contract sizeS&P 500 Index Futures Contract multiplied by the index point value in Brazilian Reals, each point USD50.00.
    QuotationOption premium, expressed in S&P 500 Index points.
    Tick size0.25 index point.
    Round-lot1 contract.
    Last trading dayLast trading day preceding the expiration date.
    Expiration date3rd Friday of the contract month. If this day is a non-trading day on the exchange, the expiration date will be on the following business day established by CME Group.
    Contract monthsQuarterly Options:
    • expiring in march, june, september and december, with the underlying contracts being the March, June, September and December contract months of the S&P 500 Futures Contract.

    Serial Options:
    • expiring in january and february with the underlying contract being the march contract month of the S&P 500 Futures Contract;
    • expiring in april and may with the underlying contract being the june contract month of the S&P 500 Futures Contract;
    • expiring in july and august with the underlying contract being the september contract month of the S&P 500 Futures Contract;
    • expiring in october and november, with the underlying contract being the december contract month of the S&P 500 Futures Contract.
    Option exerciseOn the expiration date, the option exercise is performed automatically by B3, according to the following conditions:
    Call option (call):
    a) If the result of the difference between the settlement price of the contract object and the exercise price for the principal owner, is positive; and
    b) the principal holder does not register on the trading system its intention not to exercise its call on the expiration date.
    Put option (put):
    a) If the result of the difference between the exercise price and the settlement price of the contract subject to the principal owner, is positive; and
    b) the principal holder does not register on the trading system its intention not to exercise its put on the expiration date.
  • Participant ranking (number of contracts) - 10/2018
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      MODAL DTVM LTDA
    • 300
      ITAU CV S/A
    • 86
      XP INVESTIMENTOS CCTVM S/A
    • 12
      RICO INVESTIMENTOS - GRUPO XP
  • Participation by investor type - 04/2019
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      Natural person
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