March 2014 E-mini S&P 500 (Dollar) ESH4 3/21/2014 3/21/2014 3/24/2014 1893.30 (Official settlement price for the E mini S&P march futures)

Highest price for the S&P index today is 1883, cash settles 10 points higher @1893!! (E-mini futures last price 1881.75). Guess what, if you actually bought ATM options right before the expiration, you would have hit the lottery every single time. Check to see the data for your self. If this isn't price fixing I don't know what is.

(Link to the past settlement prices)





Speak your mind

2 Comments so far

  1. Rohan on March 23, 2014 11:07 pm

    Sorry to say it but it is a price fixing. I don’t know why they don’t use the volume-weighted average. Settlement price can be easily manipulated.
    I feel Sorry for fellow small investors.

  2. Wahrheit on March 27, 2014 3:27 pm

    The linked-to CME document patiently explains how and why the SOQ is calculated. No doubt it was published to address the tinfoil hat theorists. If you don’t want to be exposed to the SOQ, get out of your positions the day prior. No one is forcing you to trade options, let alone forcing you to hold them to expiry.


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