E-mini S&P 500 COT Report — Net Positioning
E-mini S&P 500 futures · CME · CFTC contract code 13874A
Latest positioning
Week ending 6 October 2026 · cut 11,571 on the week · open interest 1,932,227 (+36,305)
Net speculative position — last 52 weeks
The current reading sits in the 24th percentile of its 3-year range — over the past 3 years, the net position has been lower than it is now 24% of the time. A high reading means the position is crowded by its own historical standards; it is context, not a forecast.
All three cohorts
| Category | Net position | Week change |
|---|---|---|
| Large speculatorsFunds and managed money | -154,070 | -11,571 |
| CommercialsProducers, users and banks hedging physical exposure | +43,065 | +7,784 |
| Small tradersBelow the CFTC reporting threshold | +111,005 | — |
The three cohorts net to zero between them — every long has a short on the other side. Commercials being heavily short is normal for a produced commodity and is not a bearish view; it is a hedge against inventory they already own.
Weekly history
| Week ending | Specs net | Open interest |
|---|---|---|
| 6 Oct 2026 | -154,070 | 1,932,227 |
| 29 Sep 2026 | -142,499 | 1,895,922 |
| 22 Sep 2026 | -133,228 | 1,890,653 |
| 15 Sep 2026 | -100,461 | 2,446,519 |
| 8 Sep 2026 | -76,036 | 2,071,836 |
| 1 Sep 2026 | -75,941 | 2,046,914 |
| 25 Aug 2026 | -67,994 | 2,045,669 |
| 18 Aug 2026 | -10,560 | 2,072,358 |
| 11 Aug 2026 | +11,280 | 2,119,506 |
| 4 Aug 2026 | -27,258 | 2,116,079 |
| 28 Jul 2026 | -17,196 | 1,984,408 |
| 21 Jul 2026 | -16,784 | 1,939,493 |
| 14 Jul 2026 | -38,938 | 1,941,500 |
| 7 Jul 2026 | -42,891 | 1,969,636 |
| 30 Jun 2026 | -37,592 | 1,967,167 |
| 23 Jun 2026 | -35,448 | 1,980,254 |
| 16 Jun 2026 | -193,978 | 2,579,920 |
| 9 Jun 2026 | -205,644 | 2,203,164 |
| 2 Jun 2026 | -220,768 | 2,149,231 |
| 26 May 2026 | -165,831 | 2,093,621 |
| 19 May 2026 | -140,605 | 2,068,443 |
| 12 May 2026 | -143,835 | 2,056,229 |
| 5 May 2026 | -103,885 | 1,987,685 |
| 28 Apr 2026 | -101,440 | 1,959,933 |
| 21 Apr 2026 | -110,106 | 1,963,317 |
| 14 Apr 2026 | -115,762 | 1,959,076 |
| 7 Apr 2026 | -45,666 | 1,929,090 |
| 31 Mar 2026 | -42,479 | 1,947,769 |
| 24 Mar 2026 | -80,891 | 1,879,423 |
| 17 Mar 2026 | -113,057 | 2,330,659 |
| 10 Mar 2026 | -134,505 | 1,996,720 |
| 3 Mar 2026 | -168,216 | 2,060,733 |
| 24 Feb 2026 | -193,483 | 2,017,196 |
| 17 Feb 2026 | -177,831 | 1,966,090 |
| 10 Feb 2026 | -105,129 | 1,934,958 |
| 3 Feb 2026 | -132,941 | 1,928,476 |
| 27 Jan 2026 | -99,787 | 1,897,461 |
| 20 Jan 2026 | -81,776 | 1,926,910 |
| 13 Jan 2026 | -122,127 | 1,909,351 |
| 6 Jan 2026 | -106,088 | 1,945,513 |
| 30 Dec 2025 | -94,415 | 1,936,495 |
| 23 Dec 2025 | -81,820 | 1,911,017 |
| 16 Dec 2025 | -166,019 | 2,466,313 |
| 9 Dec 2025 | -190,445 | 2,141,031 |
| 2 Dec 2025 | -195,667 | 2,074,887 |
| 25 Nov 2025 | -155,278 | 2,070,962 |
| 18 Nov 2025 | -147,405 | 2,037,320 |
| 10 Nov 2025 | -157,930 | 1,981,117 |
| 4 Nov 2025 | -163,945 | 1,956,133 |
| 28 Oct 2025 | -150,135 | 1,929,734 |
| 21 Oct 2025 | -145,350 | 1,882,544 |
| 14 Oct 2025 | -165,683 | 1,929,048 |
Source: CFTC Commitments of Traders (Legacy, futures only) — a US government work, public domain. Positions are measured Tuesday and published the following Friday at about 15:30 ET, so this report is always at least three days behind the market. Positioning describes how traders are placed; it is not a forecast.