Micro Bitcoin and Micro Ether Futures Options
The CME Micro Bitcoin and Micro Ether Futures Options will be available for trading starting March 28, providing new opportunities and greater precision in your cryptocurrency trading strategies. You can enjoy added versatility in expressing a view or tailor your risk profile with underlying contracts right-sized for traders of all sizes.
Ask your Edge Clear personal broker for details on the CME Group’s Cryptocurrency Futures Options. Don’t have an expert Edge Clear broker yet, then fill in the information request below and we will assign one to you.
Contract Specifications
| OPTIONS ON MICRO BITCOIN FUTURES | OPTIONS ON MICRO ETHER FUTURES | |
| PRODUCT CODE | Monday Weekly: W1A-W5A Wednesday Weekly: W1C-W5C Friday Weeks 1,2,3,4: W1E-W4E Monthly: WM |
Monday Weekly: V1A-V5A Wednesday Weekly: V1C-V5C Friday Weeks 1,2,3,4: V1E-V4E Monthly: VM |
| EXERCISE PROCEDURE | European Style (with no contrary instructions) | European Style (with no contrary instructions) |
| MINIMUM PRICE FLUCTUATION | Outright: $5.00 per bitcoin = $0.50 per contract for premium above $25.00 per bitcoin Reduced tick and Spread: $1.00 per bitcoin = $0.10 per contract for premium less than or equal to $25.00 per bitcoin points | Outright: $0.50 per ether = $0.05 per contract |
| CONTRACT SIZE | One Micro Bitcoin futures contract (futures contract = 0.10 bitcoin) | One Micro Ether futures contract (futures contract = 0.10 ether) |
| EXPIRATION SCHEDULE | One nearest Monday Weekly contract One nearest Wednesday Weekly contract Four nearest weekly Friday contracts of Weeks 1,2,3,4 Two nearest Monthly contracts |
One nearest Monday Weekly contract One nearest Wednesday Weekly contract Four nearest weekly Friday contracts of Weeks 1,2,3,4 Two nearest Monthly contracts |
| TRADING HOURS | CME Globex: Sunday – Friday 5:00 p.m. – 4:00 p.m. CT | CME Globex: Sunday – Friday 5:00 p.m. – 4:00 p.m. CT |
| LISTING EXCHANGE | CME Globex | CME Globex |
| DELIVERY PROCEDURE | All in-the-money Micro Bitcoin and Micro Ether options physically deliver an underlying futures contract.* | All in-the-money Micro Bitcoin and Micro Ether options physically deliver an underlying futures contract.* |
*In the case of monthly options, the futures contract itself will immediately expire, as monthly options have expiries which align with the settlement of their underlying futures.
