ACE E-Mini S&P - May 03, 2021

Below is an illustration trading futures options on E-Mini S&P.  Our post shows bullish and bearish positions using a combination of call and put options.


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Trade Options on Futures

E-Mini S&P * Directional & Neutral Positions

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E-Mini S&P

 

Volatility

es optv

es vol


Notes:

Contract Size - $50 x S&P 500 Index.

Tick Size:  Outright: 0.25 index points=$12.50

Trading Hours: CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with  trading halt 4:15 p.m. - 4:30 p.m.

* Tip: Click here to read a helpful tip about E-Mini SP futures and options


E-Mini S&P

Below are charts for reference.  

es weekly

es daily

es prices


Latest, Biggest, Busiest

Below is a snapshot with what's going on in the world of options with the most actively traded spreads.

Enlarge by right clicking mouse over each image and select 'open in a new tab'

Below is an illustration of a Jun21 3850/3800 Bear Put spread shown in the 2nd column above as a popular spread.

es shift

3900 3800 bear.put

3900 3800 bear.put target

* Tip: Click here on enlarging images


Strategies

Below are alternatives to popular spreads shown above.

The % yield shown in the diagram below represent a model of an estimated return on margin from projected dates shown. Both strategies below have positive time decay (theta) with time working for the position.

Calendar

Position has positive time decay and benefits from a rise in implied volatility.

es cal put

Modeled below with hypothetical rise in implied volatility held to end of May

es cal put IV rise

es cal put target

Reverse Calendar

Position has positive time decay and negative Vega if the market continues to trend higher.

 es rev.cal

rev.cal target

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