CME Group Micro Bitcoin and Micro Ether Options
CME Group Options on
Micro Bitcoin and Micro
Ether Futures
CME Group Options on Micro Bitcoin and Micro Ether
Futures Contracts
Available at IBKR with Professional Pricing
CME Options on Micro Bitcoin and Micro Ether Futures offer more ways to manage your exposure to the top cryptocurrencies by market capitalization and can help optimize your crypto trading strategies. Building on the liquidity of Micro Bitcoin and Micro Ether futures, these options contracts offer market participants a way to efficiently hedge market-moving events with greater precision and flexibility, enabling traders of all sizes to access crypto market exposure.
- TRADE WITH MORE PRECISION
Scale bitcoin and ether exposure up or down with greater granularity with contracts sized at 1/10 of the underlying tokens. More precision can provide additional control over the risk/reward ratio of your trading strategies. - ADD VERSATILITY TO YOUR CRYPTO TRADING STRATEGY
Express long- or short-term views with a choice of weekly and monthly expirations. Build market neutral, directional, and/or multi-leg strategies to seek new opportunities in the crypto markets. - ACCESS MICRO BITCOIN AND MICRO ETHER FUTURES LIQUIDITY
With a lower dollar premium related to the smaller contract size, these options settle into liquid Micro Bitcoin and Micro Ether futures, traded around the clock and around the world.
| OPTIONS ON MICRO BITCOIN FUTURES | OPTIONS ON MICRO ETHER FUTURES | |
|---|---|---|
|
Contract Unit |
One Micro Bitcoin futures contract |
One Micro Ether futures contract |
|
Trading and Clearing Hours |
CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. ET (4:00 p.m. CT) CME ClearPort: 6:00 p.m. Sunday to 6:45 p.m. Friday ET (5:00 p.m. - 5:45 p.m. CT) with a 15-minute maintenance window between 6:45 p.m. - 7:00 p.m. ET (5:45 p.m. - 6:00 p.m. CT) Monday - Thursday. |
|
|
Minimum Price Fluctuation |
$5.00 per bitcoin = $0.50 per contract for premium above $25.00 per bitcoin $1.00 per bitcoin = $0.10 per contract for premium less than or equal to $25.00 per bitcoin |
$0.50 per ether = $0.05 per contract |
|
CME Globex and |
Monday: W1A-W5A Wednesday: W1C-W5C Friday Weeks 1,2,3,4: W1E-W4E Monthly: WM |
Monday: V1A-V5A Wednesday: V1C-V5C Friday Weeks 1,2,3,4: V1E-V4E Monthly: VM |
|
Options Style |
European Style (with no contrary instructions) |
|
|
Listing Schedule |
One nearest Monday contract One nearest Wednesday contract Four nearest weekly Friday contracts of Weeks 1,2,3,4 Two nearest Monthly contracts |
|
|
Block Trade |
10 contracts |
100 contracts |
|
Block Reporting Window |
RTH: 5 minutes |
|
|
Strike Price |
All times: Persistent strikes: $500,000; $100,000; $50,000; If bitcoin > $500K: $100,000: 100% below to 400% above underlying $10,000: 50% below to 100% above underlying If bitcoin ≤ $500K: $50,000: 100% below to 400% above underlying $5,000: 50% below to 100% above underlying If bitcoin ≤ $100K: $10,000: 100% below to 400% above underlying $1,000: 50% below to 100% above underlying If bitcoin ≤ $50K: $5,000: 100% below to 400% above underlying $500: 50% below to 100% above underlying If bitcoin ≤ $10K: $1000: 100% below to 400% above underlying $100: 50% below to 100% above underlying If bitcoin ≤ $5K: $500: 100% below to 400% above underlying $50: 50% below to 100% above underlying |
All times: Persistent strikes: $50,000; $10,000; $5,000; $1,000; $500; $100 If ether > $50K: $10,000: 100% below to 400% above underlying $100: 50% below to 100% above underlying If ether ≤ $50K: $5,000: 100% below to 400% above underlying $500: 50% below to 100% above underlying If ether ≤ $10K: $1,000: 100% below to 400% above underlying $100: 50% below to 100% above underlying If ether ≤ $5K: $500: 100% below to 400% above underlying If ether ≤ $1K: $100: 100% below to 400% above underlying $10: 50% below to 100% above underlying If ether ≤ $500: $50: 100% below to 400% above underlying $5: 50% below to 100% above underlying |
|
Less than 35 DTE (days to expiration): Persistent strikes: $500,000; $100,000; $50,000; $10,000; $5,000; $1,000 If bitcoin > $500K $5,000: 10% below to 20% above underlying If bitcoin ≤ $500K: $2,500: 10% below to 20% above underlying If bitcoin ≤ $100K: $500: 10% below to 20% above underlying If bitcoin ≤ $50K: $250: 10% below to 20% above underlying If bitcoin ≤ $10K: $50: 10% below to 20% above underlying If bitcoin ≤ $5K: $25: 10% below to 20% above underlying |
Less than 35 DTE Persistent strikes: $50,000; $10,000; $5,000; $1,000; $500; $100 If ether > $50K: $500: 10% below to 20% above underlying If ether ≤ $50K: $250: 10% below to 20% above underlying If ether ≤ $10K: $50: 10% below to 20% above underlying If ether ≤ $5K: $25: 10% below to 20% above underlying If ether ≤ $1K: $5: 10% below to 20% above underlying |
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Interested in Trading CME Group Options on Micro Bitcoin and Micro Ether Futures at IBKR?
IBKR Clients – Log in to Client Portal
If you already have Options trading permission, you can begin trading CME Group Options on Micro Bitcoin and Micro Ether Futures.
If you do not already have Options trading permission, log in to Client Portal and request Options trading permission via the Settings > Account Settings > Trading Experience & Permissions menu item. Trading permission requests are typically approved overnight.
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