Question

Examine the available contracts for E-mini S&P 500. They have the contract codes such as ESU0,...

Examine the available contracts for E-mini S&P 500. They have the contract codes such as ESU0, ESZ0. Your task now is to decipher these codes. Please explain the meaning of (or rules to construct) contract codes for E-mini S&P 500. What will be the available contracts for E-mini S&P 500 in year 2025 and what will be their contract codes?

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Answer #1

Display format of future contract codes is an essential element in understanding their pricing.

These display codes start by i) Identifying the product, ii) Then identify the month, iii) Followed by the year of expiration

For the E-mini S&P 500 futures contract, the contract code is ES

The expiration of every month can be identified by a single letter:

  • January – F
  • February - G
  • March -H
  • April -J
  • May - K
  • June - M
  • July - N
  • August - Q
  • September -U
  • October - V
  • November -X
  • December -Z
2025 Codes
Jan ESF5
Feb ESG5
Mar ESH5
Apr ESJ5
May ESK5
Jun ESM5
Jul ESN5
Aug ESQ5
Sep ESU5
Oct ESV5
Nov ESX5
Dec ESZ5
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