When Will They Release Options on Micro Futures?

Since micro futures are such a huge hit, any word on when options on the micros will be released?
I think the success of the micros far exceeds anyone expectation. And options on the micros may be even a bigger success.

 

I just called the CME. No plans in the near term.

 

Thanks for the call.
That seems really odd. The CME and brokers are probably printing money on the Micros. Size is 1/10th of Minis but commissions/fees is only 1/5th.
Adding options should be super easy.
I guess we'll have to wait until 2021.

 

I agree that MES/MNQ options would be absolutely amazing. Would cannibalize SPY/QQQ options?

 

There's XSP index options from CBOE, which is equal to SPY.

 

Micro futures are basically bucket shops, so it would be difficult to have actual options on them.

 

I don't understand why you need them. If you need to reduce your margin load use verticals on SPX/ES/YM/whatever. This is probably why CME has no intention of releasing them.

 

Verticals are not fun to trade. Besides, is it a free market or a "we know what's good for you" market (don't answer that.)

 

Why micros over spy, etc?

 

Futures have better margin and are 1256 contracts-no wash sales, Market to market, profits are 60% long term / 40% short term.