Unlike equity options, options on futures are a whole other animal. Below is a table of the per contract fees charged for Exchange and Regulatory when trading it, Exercise & Assignment, and Futures Exercise & Assignment. If the area below is blank, then please give it one moment to load. To view our commissions and fees breakdown, click here.


TABLE OF CONTENTS


Futures Options Summary Table

Below is the list of futures options that are supported at tastyworks. If the area below is blank, then please give it one moment to load. Options on micro futures contracts are displayed in white rows. Please refer to the sections below for definitions.


Futures Options Settlement Prices

To view CME Final Settlement Prices (fixing prices) for options, please click here.

  • ^ Final settlement based on the last trade price.
  • * Open price based on Special Opening Quotation (SOQ)
  • Final settlements are based on Volume Weighted Average Pricing (VWAP). Additionally, you may trade the contract anytime up until the time of settlement on the date of expiration.


Contract Definitions

Exercise and assignment handling for options on futures

Below are the definitions of the columns and terms listed on the Futures Options Summary Table above. 

  • American Style: The long holder can exercise the option, or the short holder may request the assignment (if contrary exercise is allowed) at any time up until the expiration
  • European Style: The long holder can only exercise the option, or the short holder may request an assignment (if contrary exercise is allowed) at expiration.
  • Contrary Exercise: Allows the short options contract holder to request the assignment.
  • Deliverable
    • Future - Future contract is delivered.
    • Cash - Cash (financially) settled.
    • Future to Cash - Futures contract is delivered, and immediately cash (financially) settled.
  • Exercise & Assignment Fee: CME passthrough fee associated with the processing of an exercise or assignment of a futures option.
  • Futures Exercise & Assignment Fee: CME passthrough fee associated with the delivery of a futures contract.


CME Exercise and Assignment

The deliverable method determines the total fees charged for an exercise or assignment. Any exercise or assignment fee will list with the respective line item on the History tab (orange arrow). Any futures exercise & assignment fees will list with the outright contract line item (yellow arrow).

Additionally, the CME also charges a $0.10/contract fee for any options on futures contract on agricultural or treasuries that expires worthless. When applicable, a $0.10 charge will list on the expiration line item in the History tab (blue arrow).

Example of the $0.10 fee the CME charges on a /ZN options on futures contract that expired worthless.


Exercise and Assignment Fees for CME Options on Futures

The fees associated with each options on futures deliverable method. The fees listed below correspond with the fee columns listed in the Futures Options Summary Table above.  

  • Future Deliverable
    • Exercise & Assignment Fee
    • Futures Exercise & Assignment Fee
    • Outright futures/micro-futures commissions: $1.25/contract or $0.85/contract, respectively.
  • Cash Delivery
    • Exercise & Assignment Fee
  • Future to Cash
    • Exercise & Assignment Fee
    • Futures Exercise & Assignment Fee
    • Outright futures/micro-futures commissions: $1.25/contract or $0.85/contract, respectively.


CME Contract Specifications

ProductSpecs
/ZCCME
/ZSCME
/ZWCME
/6ACME
/6BCME
/6CCME
/6ECME
/6JCME
/CLCME
/NGCME
/ES (Quarterly)CME
/ES (Mon. Weekly)CME
/ES (Wed. Weekly)CME
/ES (Fri. Weekly)CME
/ES (EOM)CME
/MES (Quarterly)CME
/MES (Weekly)CME
/MES (EOM)CME
/NQ (Quarterly)CME
/NQ (Fri. Weekly)CME
/MNQ (Quarterly)CME
/MNQ (Fri. Weekly)CME
/MNQ (EOM)CME
/RTY (Quarterly)CME
/RTY (Fri. Weekly)CME
/ZTCME
/ZFCME
/ZNCME
/ZBCME
/GECME
/GCCME
/SICME