| Opening Date |
9/25/1990 |
| Ticker Symbol |
KN (Calls)
JN (Puts)
NK= Clearing
View product and vendor codes |
| Contract Size |
One Nikkei 225 USD futures contract |
| Strike Price Interval |
Integer divisible by 500 without a remainder (i.e., 23,000, 23,500, and so on) |
| Tick Size (minimum fluctuation) |
OUTRIGHT
5.00 index points=$25.00
|
Trading Hours
All times listed are Central Time (CT) |
Open Outcry
MON-FRI: 8:00 a.m. -3:15 p.m.
|
| Contract Months |
Three quarterly and two serial months (i.e., Jan, Feb, Apr) |
Last Trade Date/Time
View Calendar |
Open Outcry
QUARTERLY: 3:15 p.m. / Business day prior to 2nd Friday of the contract month
SERIAL: 3:15 p.m. 3rd Friday of the contract month
|
| Exercise Procedure |
American Style.
(FLEX options also available.) |
| Expiration Date |
An option can be exercised until 7:00 p.m. on any business day the option is traded. Unexercised in-the-money options will be automatically exercised at 7:00 p.m. on day of determination of the Final Settlement Price. |
| Settlement at Expiration |
Option exercise results in a position in the underlying cash-settled Futures contract. Options which are in-the-money on the last day of trading are automatically exercised. QUARTERLY OPTIONS are exercised into expiring cash-settled futures, which settle to the SOQ used to settle the futures at the Osaka Securities Exchange, usually on the 2nd Friday of the contract month. SERIALS are exercised into underlying cash-settled futures at their closing price on 3:15 p.m. on the 3rd Friday of the contract month. |
| Daily Price Limits |
Lead Month Settlement Daily Limit (Index Points)
0-20,000 1,000
20,005-30,000 1,500
30,005 and up 2,000
Represents Nikkei USD and Yen combined.
View price limits details. |
| Position Limits |
5,000 futures-equivalent contracts net on the same side of the market in all contract months combined. |
| Block Trade Eligibility |
Yes. View more on block-trade eligibile contracts. |
| Block Minimum |
250 contracts |
| Rulebook Chapter |
352 A |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
