Uncovered Options Trading System
Category: Equity Index Futures / US Index Futures
The Technology SPCTR Futures have been developed to track the price (performance) of the S&P 500 Technology index
(SPLY). They were introduced and become available for trading in 2009 year. The Technology SPCTR are traded on
the Chicago Merchandise Exchange (CME).
The Technology SPCTR Futures belongs to the group of the "US Index" futures from the
"Equity Index" futures category.
The value of the one Technology SPCTR Futures contracts is $250 times the value of the
S&P 500 Technology index. If for example, the S&P 500 Technology index
(SPLY) is traded at $300, the
value of one future contracts gives to a furfures trader a buying power
that is equivalent to $75,000
(250 times bigger). Furthermore, if the
S&P 500 Technology index moves up or drops down for one point, the Technology SPCTR contract
increase or decline in its value by $250. The tick size (minimum price
fluctuation) of the Technology SPCTR Futures contract is 0.1 which correspond to $25.00.
The Technology SPCTR Futures are traded under the "TEC" 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 TEC futures contracts are classified by the month of expiration. The TEC 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 TEC 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 Technology SPCTR Futures that
expire in June 2024 are traded under the "TEC4M" symbol, the
September 2024 expiration contracts are traded under the "TEC4U"
symbol, December 2024 expiration Technology SPCTR have
"TEC4Z" symbol and the ones that expire in March 2025 are listed
under the "TEC5H" symbol.
| Ticker Symbol: | TEC |
| Commodity: | S&P 500 Technology index (SPLY) |
| Available for trading since: | 2009 |
| Expiration Cycle: | Four times a year on third Friday of March, June, September and December. Next four expirations are TEC4M - June 2024 TEC4U - September 2024 TEC4Z - December 2024 TEC5H - March 2025 |
| Contract Size: | $250 x S&P 500 Technology index price |
| Minimum Tick Size: | 0.1 = $25.00 |
| 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.