Futures For You by Carley Garner
What are serial options and where have they gone?
Those trading options on financial futures such as the emini S&P, Treasuries, and currencies have probably come across the term serial options. Nevertheless, most traders likely didnít recognize the difference between them and traditional options until they pulled up their quote board one morning last fall to discover they were gone. In its quest to move away from monthly expiring options toward weekly options, the Chicago Mercantile Exchange (CME) eliminated the traditional monthly serial options from the emini S&P and are following suit in other products ...