Uncovered Options Trading System
Category: Equity Index Futures / US Index Futures
The S&P 500/Citigroup Growth futures have been developed to track the price (performance) of the S&P 500/Citigroup Pure Growth index
(SPXPG). They were introduced and become available for trading in 1995 year. The S&P 500/Citigroup Growth Futures are traded on
the Chicago Merchandise Exchange (CME).
The S&P 500/Citigroup Growth futures belongs to the group of the "US Index" futures from the
"Equity Index" futures category.
The value of the one S&P 500/Citigroup Growth futures contracts is $250 times the value of the
S&P 500/Citigroup Pure Growth index. If for example, the S&P 500/Citigroup Pure Growth index
(SPXPG) is traded at $3,500, the
value of one future contracts gives to a furfures trader a buying power
that is equivalent to $875,000
(250 times bigger). Furthermore, if the
S&P 500/Citigroup Pure Growth index moves up or drops down for one point, the S&P 500/Citigroup Growth Futures contract
increase or decline in its value by $250. The tick size (minimum price
fluctuation) of the S&P 500/Citigroup Growth futures contract is 0.1 which correspond to $25.00.
The S&P 500/Citigroup Growth futures are traded under the "SG" symbol and the regular
trading hours for futures are from 5 p.m. EST to 3:15 p.m. EST on the next trading
day. The SG futures contracts are classified by the month of expiration. The SG futures expire on the third Friday of March, June, September and December. Based
on the expiration, the year's number and month's letter are added to the futures
symbol for its identification.
The SG futures that expire in March have "H"
letter added, June expiration futures have "M" letter added, for September
expiration futures "U" letter is used and those futures that expire in December
have "Z" letter added at the end. Furthermore, the S&P 500/Citigroup Growth futures that
expire in December 2024 are traded under the "SG4Z" symbol, the
March 2025 expiration contracts are traded under the "SG5H"
symbol, June 2025 expiration S&P 500/Citigroup Growth Futures have
"SG5M" symbol and the ones that expire in September 2025 are listed
under the "SG5U" symbol.
| Ticker Symbol: | SG |
| Commodity: | S&P 500/Citigroup Pure Growth index (SPXPG) |
| Available for trading since: | 1995 |
| Expiration Cycle: | Four times a year on third Friday of March, June, September and December. Next four expirations are SG4Z - December 2024 SG5H - March 2025 SG5M - June 2025 SG5U - September 2025 |
| Contract Size: | $250 x S&P 500/Citigroup Pure Growth index price |
| Minimum Tick Size: | 0.1 = $25.00 |
| Traded on: | Chicago Merchandise Exchange (CME) |
Naked options trading is very risky - many people lose money trading them. It is recommended contacting your broker or investment professional to find out about trading risk and margin requirements before getting involved into trading uncovered options.