Config.
Marché
Rapport
Unité

COT S&P 500

Période
Échelle

As-of mardi · close vendredi · source CFTC

Long vs Short

Long et short en % d’OI (catégorie focus)

Δ 4 semaines

Variation du net vs le rapport d’il y a 4 semaines

Cette semaine

Catégorie Long Short Spreading Net Δ Long Δ Short Δ Net % OI long % OI short

Historique

US equity indices · CME

What is the S&P 500 futures contract?

S&P 500

A long means…

Exposure to a rise in the S&P 500 — the 500 US large-cap names.

What is this?

The S&P 500 is the index of 500 US large-cap companies, weighted by float-adjusted market capitalization: only freely tradable shares count. It covers about 80% of the US equity market. The CME future is used to hedge a portfolio, to put cash back to work on the index, or to take a view on the broad market without buying the 500 stocks. At expiry there are no shares. It is not an ETF.

The CFTC combines the standard contract and the E-mini after converting sizes, so the same exposure is not counted twice. Someone who buys the standard and sells five E-minis shows as spreading: the index risk cancels; neither a net long nor a net short.

Pitfalls

  • Do not add micro MES or S&P dividend futures into this line.
  • The chart shows the cash index; CFTC positions are the futures.
  • Buy the standard and sell five E-minis: spreading (the risk cancels), not a directional bet.

Univers LIX

Le positionnement n’est pas le risque

Le COT décrit qui est positionné. Le LIX décrit le niveau de risque de marché — 12 indicateurs, hors COT.