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Nonfarm Payroll Options
Type
| Nonfarm Payroll Options | |||||
|---|---|---|---|---|---|
| Contract Size | One (1) futures contract | ||||
| Quote | Quoted in 500 jobs or minimum fluctuation of 0.5 (=$12.50) | ||||
| Contract Months | Contracts available for all NFP releases, listed on the Monday after the previous month’s release | ||||
| Trading Hours | Offered exclusively on CME Globex electronic trading platform on Sundays through Thursdays from 5:00 p.m. to 4:00 p.m. Central Time next day | ||||
| Last Trading Day | Trading in an expiring contract concludes at 7:25 a.m. CT on the first Friday of the contract month or such other day on which NFP figures are scheduled to be released by the BLS. | ||||
| Final Settlement Procedure | American-style options may be exercised into on (1) futures contract. | ||||
| Strike Prices | Established at 10 point (or 10,000 jobs) intervals from -500,000 to +500,000 jobs. | ||||
| Price Limit | Movement of value of a call (put) is effectively capped (floored) by virtue of price limit applied to futures contract. | ||||
| Minimum Block Size | 20 contracts | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CME. | ||||
