Serial ES options expire at the close of expiration Friday and turn into the current futures contract. Quarterly ES options expire into cash the same as the futures contract which uses the calculated opening price of the SPX cash index released around noon. The symbol is SET for the settlement value, and it can be rather different from what you think it will be when watching the actual open. If you are not extremely familiar with the games that go on for SET it is always best to get out of your position before expiration.Quote from yip1997:
How are es june future and es june options settled?
Will es june settlement price be same as SPX?
Quote from opt789:
Serial ES options expire at the close of expiration Friday and turn into the current futures contract. Quarterly ES options expire into cash the same as the futures contract which uses the calculated opening price of the SPX cash index released around noon. The symbol is SET for the settlement value, and it can be rather different from what you think it will be when watching the actual open. If you are not extremely familiar with the games that go on for SET it is always best to get out of your position before expiration.
Quote from yip1997:
How are es june future and es june options settled?
Will es june settlement price be same as SPX?