Futures markets
Explore the wide variety of futures markets available for trading through Charles Schwab Futures and Forex LLC.
Micros
| Symbol | Options tradable on thinkorswim®2 | Multiplier | Minimum tick size | Settlement | Trading days/hours3 | |
|---|---|---|---|---|---|---|
| Micro E-mini S&P 500 | /MES | Yes | $5 | 0.25 = $1.25 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro E-mini Russell 2000 | /M2K | No | $5 | 0.10 = $0.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro E-mini DOW | /MYM | No | $0.50 | 1.00 = $0.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro E-mini Nasdaq-100 | /MNQ | Yes | $2 | 0.25 = $0.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro Gold | /MGC | Yes | $10 | 0.10 = $1.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro Silver | /SIL | No | $1,000 | 0.005 = $5.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro Copper | /MHG | No | $2,500 | 0.0005 = $1.25 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro WTI Crude Oil | /MCL | Yes | $1,000 | 0.001 = $1.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro Natural Gas | /MNG | Yes | $1,000 | 0.001 = $1.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro EUR/USD | /M6E | No | $12,500 | 0.0001 = $1.25 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro AUD/USD | /M6A | No | $10,000 | 0.0001 = $1.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro CAD/USD | /MCD | No | $10,000 | 0.0001 = $1.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro GBP/USD | /M6B | No | $6,250 | 0.0001 = $0.625 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro CHF/USD | /MSF | No | $12,500 | 0.0001 = $1.25 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro 10 Yr. Yield | /10Y | No | $1,000 | 0.0001 = $1.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| CME Micro Bitcoin | /MBT | No | $0.10 | 5.00 = $0.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| CME Micro Ether | /MET | No | $0.10 | 5.00 = $0.05 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
Stock Indices
| Symbol | Options tradable on thinkorswim®2 | Multiplier | Minimum tick size | Settlement | Trading days/hours3 | |
|---|---|---|---|---|---|---|
| E-mini S&P 500 | /ES | Yes | $50 | 0.25 = $12.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| E-mini Nasdaq | /NQ | Yes | $20 | 0.25 = $5.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| E-mini Russell 2000 | /RTY | Yes | $50 | 0.10 = $5.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Mini Dow Jones | /YM | No | $5 | 1 = $5.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro E-mini S&P 500 | /MES | Yes | $5 | 0.25 = $1.25 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro E-mini Nasdaq-100 | /MNQ | Yes | $2 | 0.25 = $0.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro E-mini Russell 2000 | /M2K | No | $5 | 0.10 = $0.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro E-mini DOW | /MYM | No | $0.50 | 1.00 = $0.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| CBOE Volatility Index (VIX) | /VX | No | $1,000 | 0.05 = $50 | Cash | 6 p.m. ET Sunday to 4:15 p.m. and 4:30 p.m. to 5 p.m. Friday |
| Mini CBOE Volatility Index | /VXM | No | $100 | 0.01 = $1.00 | Cash | 6 p.m. ET Sunday to 4:15 p.m. and 4:30 p.m. to 5 p.m. Friday |
| Nikkei 225 (CME) | /NKD | No | $5 | 5.00 = $25.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| E-mini S&P Mid-Cap 400 | /EMD | No | $100 | 0.10 = $10.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| MSCI Emerging Markets Index (ICE)1 | /MME | No | $50 | 0.10 = $5.00 | Cash | Market opens 6 p.m. ET Sunday Trading 8 p.m. ET Sunday to 6 p.m. Friday |
Metals
| Symbol | Options tradable on thinkorswim®2 | Multiplier | Minimum tick size | Settlement | Trading days/hours3 | |
|---|---|---|---|---|---|---|
| Gold | /GC | Yes | $100 | 0.10 = $10.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Silver | /SI | Yes | $5,000 | 0.005 = $25.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Copper | /HG | Yes | $25,000 | 0.0005 = $12.50 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro Gold | /MGC | Yes | $10 | 0.10 = $1.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro Silver | /SIL | No | $1,000 | 0.0005 = $5.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro Copper | /MHG | No | $2,500 | 0.0005 = $1.25 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Mini Gold | /QO | No | $50 | 0.25 = $12.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Mini Silver | /QI | No | $2,500 | 0.0125 = $31.25 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Platinum | /PL | No | $50 | 0.10 = $5.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Palladium | /PA | No | $100 | 0.50 = $50.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
Energy
| Symbol | Options tradable on thinkorswim®2 | Multiplier | Minimum tick size | Settlement | Trading days/hours3 | |
|---|---|---|---|---|---|---|
| Crude Oil | /CL | Yes | $1,000 | 0.01 = $10.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro WTI Crude Oil | /MCL | Yes | $100 | 0.01 = $1.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| E-mini Crude Oil | /QM | No | $500 | 0.025 = $12.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Brent Crude Oil | /BZ | No | $1,000 | 0.01 = $10.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Natural Gas | /NG | Yes | $10,000 | 0.001 = $10.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro Natural Gas | /MNG | Yes | $1,000 | 0.001 = $1.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| E-mini Natural Gas | /QG | No | $2,500 | 0.005 = $12.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| RBOB Gasoline | /RB | No | $42,000 | 0.0001 = $4.20 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Heating Oil | /HO | No | $42,000 | 0.0001 = $4.20 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
Agriculture
| Symbol | Options tradable on thinkorswim®2 | Multiplier | Minimum tick size | Settlement | Trading days/hours3 | |
|---|---|---|---|---|---|---|
| Corn | /ZC | Yes | $50 | 0.25 = $12.50 | Physical | 8 p.m. ET Sunday to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. Friday |
| Soybean | /ZS | Yes | $50 | 0.25 = $12.50 | Physical | 8 p.m. ET Sunday to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. Friday |
| Wheat | /ZW | Yes | $50 | 0.25 = $12.50 | Physical | 8 p.m. ET Sunday to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. Friday |
| Soybean Meal | /ZM | Yes | $100 | 0.10 = $10.00 | Physical | 8 p.m. ET Sunday to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. Friday |
| Soybean Oil | /ZL | Yes | $600 | 0.01 = $6.00 | Physical | 8 p.m. ET Sunday to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. Friday |
| KC Hard Red Winter Wheat | /KE | No | $50 | 0.25 = $12.50 | Physical | 8 p.m. ET Sunday to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. Friday |
| Minneapolis Wheat | /MWE | No | $50 | 0.25 = $12.50 | Cash | 8 p.m. ET Sunday to 2:45 p.m. Friday |
| E-mini Corn | /XC | No | $10 | 0.125 = $1.25 | Physical | 8 p.m. ET Sunday to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. Friday |
| E-mini Soybean | /XK | No | $10 | 0.125 = $1.25 | Physical | 8 p.m. ET Sunday to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. Friday |
| E-mini Wheat | /XW | No | $10 | 0.125 = $1.25 | Physical | 8 p.m. ET Sunday to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. Friday |
| Live Cattle | /LE | Yes | $400 | 0.025 = $10.00 | Physical | 9:30 a.m. ET Monday to 2:05 p.m. Friday |
| Feeder Cattle | /GF | Yes | $500 | 0.025 = $12.50 | Cash | 9:30 a.m. ET Monday to 2:05 p.m. Friday |
| Lean Hog | /HE | Yes | $400 | 0.025 = $10.00 | Cash | 9:30 a.m. ET Monday to 2:05 p.m. Friday |
| Rough Rice | /ZR | No | $2,000 | 0.005 = $10.00 | Physical | 8 p.m. ET Sunday to 10 p.m. and 9:30 a.m. to 2:20 p.m. Friday |
| Oats | /ZO | No | $50 | 0.25 = $12.50 | Physical | 8 p.m. ET Sunday to 8:45 a.m. and 9:30 a.m. to 2:20 p.m. Friday |
| Milk | /DC | No | $2,000 | 0.01 = $20.00 | Cash | 6 p.m. ET Sunday to 2:55 p.m. Friday |
| Bloomberg Commodity Index | /AW | No | $100 | 0.10 = $10.00 | Cash | 9:15 a.m. ET Monday to 2:30 p.m. Friday |
Currency
| Symbol | Options tradable on thinkorswim®2 | Multiplier | Minimum tick size | Settlement | Trading days/hours3 | |
|---|---|---|---|---|---|---|
| Euro FX | /6E | Yes | $125,000 | 0.00005 = $6.25 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Australian Dollar | /6A | Yes | $100,000 | 0.00005 = $5.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Canadian Dollar | /6C | Yes | $100,000 | 0.00005 = $5.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| British Pound | /6B | Yes | $62,500 | 0.0001 = $6.25 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Japanese Yen | /6J | No | $12,500,000 | 0.0000005 = $6.25 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Swiss Franc | /6S | No | $125,000 | 0.00005 = $6.25 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro EUR/USD | /M6E | No | $12,500 | 0.0001 = $1.25 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| E-mini Euro FX | /E7 | No | $62,500 | 0.0001 = $6.35 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro AUD/USD | /M6A | No | $10,000 | 0.0001 = $1.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro CAD/USD | /MCD | No | $10,000 | 0.0001 = $1.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro GBP/USD | /M6B | No | $6,250 | 0.0001 = $0.625 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| E-mini Japanese Yen | /J7 | No | $6,250,000 | 0.000001 = $6.25 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro CHF/USD | /MSF | No | $12,500 | 0.0001 = $1.25 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| New Zealand Dollar | /6N | No | $100,000 | 0.00005 = $5.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Mexican Peso | /6M | No | $500,000 | 0.00001 = $5.00 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Brazilian Real | /6L | No | $100,000 | 0.00005 = $5.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| South African Rand | /6Z | No | $500,000 | 0.000025 = $12.50 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| U.S. Dollar Index | /DX | No | $1,000 | 0.005 = $5.00 | Physical | Market opens 6 p.m. ET Sunday Trading 8 p.m. ET Sunday to 5 p.m. Friday |
Interest Rates
| Symbol | Options tradable on thinkorswim®2 | Multiplier | Minimum tick size | Settlement | Trading days/hours3 | |
|---|---|---|---|---|---|---|
| U.S. 30-Year Bond | /ZB | Yes | $1,000 | 01 or 1/32 = $31.25 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| U.S. 10-Year Note | /ZN | Yes | $1,000 | 005 or ½ of 1/32 = $15.625 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| U.S. 5-Year Note | /ZF | Yes | $1,000 | 002 or ¼ of 1/32 = $7.8125 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| U.S. 2-Year Note | /ZT | Yes | $2,000 | 001 or 1/8 of 1/32 = $7.8125 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Ultra Bond | /UB | No | $1,000 | 01 or 1/32 = $31.25 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Ultra 10-Year T-Note | /TN | No | $1,000 | 0.005 or ½ of 1/32 = $15.625 | Physical | 6 p.m. ET Sunday to 5 p.m. Friday |
| Micro 10-Year Yield | /10Y | No | $1,000 | 0.001 = $1.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| Fed Funds | /ZQ | No | $4,167 | 0.005 = $20.835 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
Crypto
| Symbol | Options tradable on thinkorswim®2 | Multiplier | Minimum tick size | Settlement | Trading days/hours3 | |
|---|---|---|---|---|---|---|
| CME Bitcoin1 | /BTC | No | $5 | 5.00 = $25.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| CME Micro Bitcoin1 | /MBT | No | $0.10 | 5.00 = $0.50 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| CME Ether | /ETH | No | $50 | 0.50 = $25.00 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
| CME Micro Ether | /MET | No | $0.10 | 0.50 = $0.05 | Cash | 6 p.m. ET Sunday to 5 p.m. Friday |
Softs
| Symbol | Options tradable on thinkorswim®2 | Multiplier | Minimum tick size | Settlement | Trading days/hours3 | |
|---|---|---|---|---|---|---|
| Cocoa ICE1 | /CC | No | $10 | 1 = $10.00 | Physical | 4:45 a.m. ET Monday to 1:30 p.m. Friday |
| Coffee ICE1 | /KC | No | $375 | 0.05 = $18.75 | Physical | 4:15 a.m. ET Monday to 1:30 p.m. Friday |
| Cotton ICE1 | /CT | No | $500 | 0.01 = $5.00 | Physical | 9 p.m. ET Sunday to 2:20 p.m. Friday |
| Orange Juice ICE1 | /OJ | No | $150 | 0.05 = $7.50 | Physical | 8 a.m. ET Monday to 2 p.m. Friday |
| Sugar ICE1 | /SB | No | $1,120 | 0.01 = $11.20 | Physical | 3:30 a.m. ET Monday to 1 p.m. Friday |
Futures options
Futures options allow you to place an option trade on any available futures markets, including metals, micros, agriculture, and more. Trading futures options can also include market-neutral, multi-leg, and directional trades, depending on how you think the market will move and your risk/reward goals.
One advantage of futures options is the potential ability to reduce risk in your portfolio in different ways. Whether your strategy is looking to trade in an uncorrelated market in an attempt to diversify, hedge existing positions to limit risk, or directly trade asset classes with smaller initial capital, futures options may be able to help.
Keep in mind that you can lose money trading futures options and the risk of loss can be substantial. Futures options are not suitable for all investors.
