Options on ES Futures

R

RetiredInvestor

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

SSB
 
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