Options on ES Futures

Discussion in 'Options' started by RetiredInvestor, Dec 20, 2006.

  1. 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!
  2. ktm


    A Jan 2007 settlement will result in a March futures position. The Mar/Jun/Sep/Dec settlements result in cash.
  3. 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....