Let's say I'm 10 percent ITM with six weeks to go on the e-mini and two weeks on the option. Will my option get called (or put to me) away early? What are the potential factors? Thanks in advance.
Chanses of early assignment/exercise on ES options
- Thread starter Kirribilli
- Start date
Analyze the time value premium.... are you talking about being short or long? Options don't get called or put to you, the underlying does.
Oh, sorry. I meant a short call or put.
On a futures options the chances are negligible in the current conditions. If it does happen, that's good for you.
Is there even one ES FOP that is American?
I don't recall one. Hmmmmm.
(Ahem. You might wanna check.)
((Ah-HA! sle knew {see below}: The Quarterlys! So, 4 times a year. The weeklys, sub-weeklys, and EndOfMonths, are European. So, roughly 168 expiries out of 172, there be no early-exercise coming your way.))
Good odds.
I don't recall one. Hmmmmm.
(Ahem. You might wanna check.)
((Ah-HA! sle knew {see below}: The Quarterlys! So, 4 times a year. The weeklys, sub-weeklys, and EndOfMonths, are European. So, roughly 168 expiries out of 172, there be no early-exercise coming your way.))
Good odds.
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"American Style. An option can be exercised until 8:00 p.m. ET on any business day the option is traded"
https://www.cmegroup.com/trading/eq...8&optionExpiration=138-Z8#optionProductId=138
https://www.cmegroup.com/trading/equity-index/options-on-futures.html
ES options trading termination time
- ES: Quarterly Mar Jun Sep Dec 3rd Friday 9:30AM ET (unlike monthly SPX, which stops on Thursday 4:00PM ET)
- EW: EOM 4PM ET
- E1A E2A E3A E4A: Mondays 4PM ET
- E1C E2C E3C E4C: Wednesdays 4PM ET
- EW1 EW2 EW3 EW4: Fridays 4PM ET
ES quarterlies are American style, settled on Mar Jun Sep Dec 3rd Friday 9:30AM ET;
EOM and weeklies are European style, settled at 4PM ET.
All settled to ES futures.
ES options trading termination time
- ES: Quarterly Mar Jun Sep Dec 3rd Friday 9:30AM ET (unlike monthly SPX, which stops on Thursday 4:00PM ET)
- EW: EOM 4PM ET
- E1A E2A E3A E4A: Mondays 4PM ET
- E1C E2C E3C E4C: Wednesdays 4PM ET
- EW1 EW2 EW3 EW4: Fridays 4PM ET
ES quarterlies are American style, settled on Mar Jun Sep Dec 3rd Friday 9:30AM ET;
EOM and weeklies are European style, settled at 4PM ET.
All settled to ES futures.