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.
Listen to our Podcast on Managed Futures
Click here to learn about Managed Futures
Back to Watchlist
Trade Options on Futures
E-Mini S&P * Directional & Neutral Positions
Get your copy of Paul Forchione's book describing advanced techniques on futures options. Learn techniques from a professional options trader to manage risk while speculating on futures markets.
Click here to view Paul's eBook
By using our website, you agree to accept our terms of use (click to read)
Terms of Use & Disclaimer:
Entries shown in our Watchlist and MarketPlus do not include commissions and are based on listed settlement prices for reference only.
This publication is intended solely for information purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or solicitation to buy or sell or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any publication is construed as an express or implied promise, guarantee or implication by or from Oahu Capital Group, LLC, Oahu Capital Group (Asia) Pvt. Ltd. that you will profit or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. All investments are subject to risk, which should be considered prior to making trading decisions.
CFTC regulation 4.41 requires the following disclaimer:
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT , THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCES RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELEY AFFECT ACTUAL TRADING RESULTS.
E-Mini S&P
Term Structure
Volatility
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
* Tip: Understanding what the numbers mean when looking at E-Mini SP prices. The quotation you see is U.S. dollars and cents per 0.25 tick. Each contract you are buying or selling is index price x 50. 1 tick move is $12.50. Notional value of 2,432 = $121,600 USD.
Below are charts for reference.
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 3550/3420 Bear Put spread shown in the 2nd column above as a popular spread.
* Tip: Click here on enlarging images
Strategies
* Tip: To view a larger chart image, simply right click on the image with your mouse. Next, select Open Image in New Tab.
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. Modeled below with hypothetical rise in implied volatility held to end of May
Calendar Fly
Position has positive time decay and positive Vega if the market continues to trend higher.
Reverse Calendar (aggressive directional)
Below illustrates a starting point at T0 and directional moves with a 1 point in change in implied volatility on either side (vertical green line) through 1st June.
Join our Free Webcast each month and learn how these strategies can benefit your trading.
Sign Up Now
