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E-mini Dow ($5) Weekly Options Contract Specs

Options
Contract Unit One E-mini Dow ($5) futures contract
Minimum Price Fluctuation Regular Tick: 1.00 index point ($5.00) for premium > 4.00 index points ($20.00)

Reduced Tick: Option premium at or below 4.00 index points may be traded in $1.00 increments per option contract, i.e. at $1.00, $2.00, $3.00, or $4.00

CAB: $1, $2, $3, $4
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with  trading halt 4:15 p.m. - 4:30 p.m.

Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET
Product Code CME Globex: YM1,YM2,YM3,YM4
CME ClearPort: YM1,YM2,YM3,YM4
Clearing: YM1,YM2,YM3,YM4
Listed Contracts At any given time, the two nearest non-quarterly 3rd Fridays [Week 3] and two nearest Fridays [Weeks 1, 2 & 4] will be listed for trading.
Termination Of Trading 4:00 p.m. ET on Friday of the named week
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 27A
Price Limit Or Circuit Price Limits 
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 500-point intervals within ± 50% pervious day's settlement price of the underlying futures

100- point intervals within ± 20% previous day's settlement price of the underlying futures

50- point intervals within ± 10% previous day's settlement price of the underlying futures for the two nearest quarterly cycle month options
Exercise Procedure European Style. Exercisable only on expiration day.
Settlement At Expiration 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. A 4:00 p.m. ET price fixing based on the weighted average traded price fixing of the E-mini Dow ($5) futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.-4:00:00 p.m. ET) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.
Settlement Method Deliverable
Underlying E-mini Dow ($5) Futures

About E-mini Dow

An electronically traded futures contract representing a portion of standard DJIA futures, E-mini Dow futures offer an accessible alternative to manage exposure to the U.S. stock market. Based on the Dow Jones Industrial Average, E-mini Dow futures offer exposure to the 30 U.S. blue-chip companies represented in the stock index.  

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