ESU6 - E-mini S&P 500 Futures (September 2026)
E-mini S&P 500 Futures September 2026 contract: CME E-mini S&P 500 futures (ES): the most liquid US equity index futures contract, tracking the S&P 500 index. Used for index hedging, directional speculation, and as the primary delivery instrument for SPX-related options strategies.
As of Jul 16, 2026: spot at $7573.75, ATM IV 13.2%, max pain $7000.00, net GEX -$3.89B.
- Sector
- Equity Index Futures
- Industry
- Equity Index Futures
- Exchange
- CME
ESU6 Contract Specifications
- Contract Month
- September 2026
- Month Code
- U (September)
- Root
- ES
- Underlying
- E-mini S&P 500 Futures
- Exchange
- CME
- Contract Size
- $50 multiplier on the S&P 500 index
- Point Value
- $50 per index point
- Tick Size
- 0.25 index points
- Tick Value
- $12.50 per tick
ESU6 Settlement and Trading Hours
Settlement: Cash-settled to the S&P 500 Special Opening Quotation on the third Friday of the contract month.
Trading hours: Globex Sunday-Friday 6:00 PM - 5:00 PM ET (with daily maintenance window).
How ESU6 Fits in the Futures Curve
ESU6 is the September 2026 listing of the E-mini S&P 500 Futures contract. Each listed expiration carries its own implied-volatility surface, term structure position, and basis to the underlying instrument. The front-month contract typically dominates volume and is the reference for options-on-futures pricing; back-month contracts price the term structure of the underlying's volatility and (for physically-delivered commodities) the carry between spot and forward.
What ESU6 Looks Like to Options Traders Today
negative net gamma exposure (-$3.89B) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.053) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The ESU6 overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks.
Frequently asked ESU6 overview questions
- What is ESU6?
- ESU6 is the ticker symbol for E-mini S&P 500 Futures (September 2026), a listed futures contract. E-mini S&P 500 Futures September 2026 contract: CME E-mini S&P 500 futures (ES): the most liquid US equity index futures contract, tracking the S&P 500 index. Used for index hedging, directional speculation, and as the primary delivery instrument for SPX-related options strategies. Listed on CME. ESU6 is the listed futures symbol shown on this page; futures traders use the contract for directional exposure, hedging the underlying instrument, and as the delivery instrument for options-on-futures structures.
- What does the ESU6 options snapshot look like today?
- As of Jul 16, 2026, the ESU6 options snapshot shows spot at $7573.75, ATM IV 13.2%, max pain $7000.00, net GEX -$3.89B, expected move 3.78%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are ESU6's key statistics?
- E-mini S&P 500 Futures (September 2026) (ESU6) carries a September 2026 expiry on the CME-listed E-mini S&P 500 Futures contract, with a $50 per index point point value. Full contract specifications including settlement convention, tick size, and curve term-structure context are on the contract reference block above. Options-on-futures pricing references these spec fields directly via the multiplier and exchange contract rules.
- What underlies the ESU6 futures contract?
- ESU6 is the September 2026 listing on the E-mini S&P 500 Futures contract, traded on the CME. Each listed expiration carries its own implied-volatility surface, term-structure position relative to other listed months, and (for physically-delivered contracts) basis to the spot underlying. Front-month contracts dominate volume and serve as the reference for options-on-futures pricing; back-month contracts price the term structure of the underlying's volatility.
- How current is the ESU6 data on this page?
- The options snapshot above is dated Jul 16, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Contract specifications come from the listing exchange (CME) and do not change over the life of the contract once listed. Options-on-futures data, when available, refreshes after each trading session. There is no equity-style FINRA reporting or sell-side analyst coverage for futures contracts.