CME Group (CME) Protective Put Calculator

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Price a protective put, zero-cost collar, or put spread on CME Group. Annual cost, max loss, upside cap, tax treatment, auto-filled from current CME option chain.

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About CME Group

CME Group (CME) is a public Fintech company, incorporated in Delaware and headquartered in Chicago, IL.

Equity grants at CME Group typically include restricted stock units (RSUs).

CME Group Inc., headquartered in Chicago, Illinois, operates exchanges and provides clearing services for trading in financial derivatives such as futures contracts, options, and swaps. Its exchanges include the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX), and the Commodity Exchange (COMEX). The company also owns 27% of S&P Dow Jones Indices. The company operates the Globex Trading System, an electronic trading platform that allows customers in approximately 150 countries to trade futures and options contracts. The company also operates two platforms for spot market trading: BrokerTec, which facilitates dealer-to-dealer trading in fixed-income products, and EBS, which provides spot trading in foreign exchange markets. CME Clearing serves as a counterparty to every transaction cleared by the company.

Source: Wikipedia (CC BY-SA 4.0)

The Chicago Mercantile Exchange traces to an 1898 butter and egg board, demutualized in 2000, listed in 2002, and then acquired the Chicago Board of Trade in 2007 and NYMEX in 2008. It operates the dominant markets in interest rate futures, equity index futures including the E-mini S&P 500, energy, agricultural, and metals contracts, plus the clearing house that stands between counterparties. Revenue rises with volatility and with hedging demand, making rate-cycle turning points unusually good for it. Headquarters are in Chicago.

Sources: cmegroup.com · en.wikipedia.org

Equity comp at CME Group

  • RSUs use single-trigger vesting: shares become yours as each portion vests on schedule, and the value is taxed as ordinary income at that point. No IPO or acquisition is required.

Researched 2026-08-17.

OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by CME Group.

A protective put caps your downside on the CME position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current CME option chain, with annual cost, max loss, and tax-treatment notes.

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CME Group equity questions

How much does it cost to hedge CME stock?
The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and CME's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current CME option chain and shows the annual cost, maximum loss, and tax treatment.
Does CME Group grant ISOs, NSOs, or RSUs?
Equity compensation at CME Group typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
Do CME Group RSUs use double-trigger vesting?
No. CME Group restricted stock units (RSUs) use single-trigger vesting: each tranche becomes yours as it vests on schedule, taxed as ordinary income at that point, with no liquidity event required.
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