Uncovered Options Trading System
Category: Equity Index Futures / International Index Futures
The EMI MSCI Emerging Markets Futures have been developed to track the price (performance) of the MSCI Emerging Markets Index
(EEV). They were introduced and become available for trading in 2007 year. The MSCI Emerging Markets are traded on
the Chicago Merchandise Exchange (CME).
The EMI MSCI Emerging Markets Futures belongs to the group of the "International Index" futures from the
"Equity Index" futures category.
The value of the one EMI MSCI Emerging Markets Futures contracts is $50 times the value of the
MSCI Emerging Markets Index. If for example, the MSCI Emerging Markets Index (EEV) is traded at $100, the
value of one future contracts gives to a furfures trader a buying power that is equivalent to $5,000
(50 times bigger). Furthermore, if the MSCI Emerging Markets Index moves up or drops down for one point, the MSCI Emerging Markets contract
increase or decline in its value by $50. The tick size (minimum price
fluctuation) of the EMI MSCI Emerging Markets Futures contract is 0.1 which correspond to $5.00.
The EMI MSCI Emerging Markets Futures are traded under the "EMI" 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 EMI futures contracts are classified by the month of expiration. The EMI 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 EMI 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 EMI MSCI Emerging Markets Futures that
expire in June 2024 are traded under the "EMI4M" symbol, the September 2024 expiration contracts are traded under the "EMI4U"
symbol, December 2024 expiration MSCI Emerging Markets have "EMI4Z" symbol and the ones that expire in March 2025 are listed
under the "EMI5H" symbol.
| Ticker Symbol: | EMI |
| Commodity: | MSCI Emerging Markets Index (EEV) |
| Available for trading since: | 2007 |
| Expiration Cycle: | Four times a year on third Friday of March, June, September and December. Next four expirations are EMI4M - June 2024 EMI4U - September 2024 EMI4Z - December 2024 EMI5H - March 2025 |
| Contract Size: | $50 x MSCI Emerging Markets Index price |
| Minimum Tick Size: | 0.1 = $5.00 |
| 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.