When January 2007 Options on ES Futures settle, will the settlement of an ITM call option result in the delivery of a long ES futures contract or in Cash? I've looked at the CME web site and it seems to say is that a quarterly settlement of an option results in cash, but I can't find any mention of a non-quarterly (eg January) option. Thanks for your help!
From IB's website: http://www.interactivebrokers.co.uk/contract_info/index.php?action=Details&site=IB&conid=41882135 It appears they all settle in cash. I didn't find anything useful on the CME website. SSB
A Jan 2007 settlement will result in a March futures position. The Mar/Jun/Sep/Dec settlements result in cash.
ktm, That's useful info -- do you have a link -- I'd like to send it to IB since if that's the case their website needs an update.... SSB