Options on futures

Discussion in 'Options' started by matador04, Nov 9, 2009.

  1. There are no ES expiring in Nov, yet there are options expiring in that month. What's the convention here? Do I receive/deliver the front month (in this case Dec)? Are there options expiring in Nov where the underlying is Jun 2010?

    Sorry for dumb questions, I don't trade these...
  2. wayneL


    1/ Yes

    2/ No
  3. The calendar for these is like that for the bond futures, I believe...

    Specifically, expiries are monthly on the corresponding quarterly contract. So, for example there are Nov9 (SPX9) and Dec (SPZ9) expiries on the Dec9 (SPZ9) underlying; Jan10 (SPF0), Feb10 (SPG0) and Mar10 (SPH0) on Mar10 underlying (SPH0).
  4. Thanks guys