Russell 1000 Index Mini Options70

Description

The Russell 1000® Index is a recognized benchmark measuring the performance of the large and mid cap segment of the U.S. equity universe. It is a subset of the Russell 3000® Index and includes approximately 1000 of the largest securities based on a combination of their market cap and current index membership. The Russell 1000 represents approximately 92% of the U.S. market. Mini Russell 1000® Index futures are available for trading on the ICE electronic trading platform for 22 hours a day.

Market Specifications

Symbol
RF
Units of Trading
Mini Future = $100 X Index
Strike Price Increments
Integers which are evenly divisible by five (e.g., 670.00, 675.00)
Contract Listing
Quarterly Cycle Options: March / June / September / December
Serial Options: January / February / April / May / July / August / October / November

For a serial option, the futures contract underlying the option is the next quarterly futures contract
Minimum Price Movement
Price of premiums are quoted in points, where .01 equals $1. A premium of 1.00 equals $100. Minimum price fluctuations (tick size) in premiums shall be .05 (equivalent to $5.00 per contract)
Block Trades
Minimum quantity of 50 contracts
Option Style
American Style
Last Trading Day
Third Friday of the expiration month. Quarterly cycle months cease trading at 09:30Eastern time, serial months at 16:15.
Final Settlement
Cash settlement to a special calculation of the Russell 1000 Index based on the opening prices of the component stocks on the third Friday of the contract month. For details and exceptions, please visit ICE Futures U.S.
Position Limits
Position Limit and Position Accountability information for all IFUS products can be found here.
MIC Code
IFUS
Clearing Venue
ICUS