CME Event contracts let investors trade on their knowledge or opinion about a specific question with a “yes or no” outcome.
They are daily expiring, cash settled, European style options on futures contracts, offering short-term trading opportunities for persons seeking to take a position on daily price moves on futures using smaller value contracts.
If a CME Event contract expires “in the money” in reference to the underlying futures settlement price, the long position holder receives USD 100.00 per contract. Your max profit per contract is USD 100.00 minus the contract cost, fees and commissions.
Note
- The underlying future of an event contract refers to the 'Lead' month contract which may not necessarily be the Front month future. To check the Lead month future in the Trader Workstation (TWS), simply load the 'continuous future' of the required symbol.
- For example, type ES on a blank row in TWS and press Enter. Select Futures under E-mini S&P 500-CME
- Select the expiry with the "Continuous" label next to it.
Additional Information