| E-mini NASDAQ 100 Options | |||||
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| Opening Date | 11/22/2004 | ||||
| Ticker Symbol | NQ (Calls and Puts) NQ= Clearing View product and vendor codes |
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| Contract Size | One quarterly E-mini NASDAQ-100 futures contract ($20 multiplier) | ||||
| Strike Price Intervals | 10-point strike price intervals within ± 30% previous day’s settlement price of the underlying futures | ||||
| Tick Size (minimum fluctuation) | 0.25=$5.00 for premium >3.00 | ||||
| Reduced Tick: 0.05=$1.00 for premium < or =3.00 | |||||
| Cab: 0.05=$1.00 | |||||
| Trading Hours All times listed are Central Time (CT) |
CME Globex (Electronic Platform) | MON – FRI: 5:00 p.m. previous day – 4:15 p.m.; trading halt from 3:15 p.m. – 3:30 p.m. | |||
| Contract Months | Four months in the March Quarterly Cycle (e.g., Mar, Jun, Sep, Dec) Two Serial Months (e.g., Jan, Feb, Apr) | ||||
| Strike Listings | CME Globex |
All strike intervals
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| Last Trade Date/Time View Calendar |
CME Globex | QUARTERLY: 8:30 a.m. 3rd Friday of the contract month SERIAL: 4:15 p.m. 3rd Friday of the contract month |
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| Exercise Procedure | American Style. | ||||
| Expiration Date Procedure | An option can be exercised until 7:00 p.m. on any business day the option is traded. QUARTERLY OPTIONS - Unexercised in-the-money options will be automatically exercised at 7:00 p.m. on the day of determination of the Final Settlement Price. SERIAL OPTIONS - Unexercised in-the-money options will be automatically exercised at 7:00 p.m. on Serial Option expiration day. |
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| 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. In-the-money QUARTERLY OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m. on the day of the expiration, are exercised automatically into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month. In-the-money SERIAL OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m. on the day of the expiration, shall be exercised automatically on serial option expiration day. |
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| Daily Price Limits | Option trading is not permitted during trading halts due to price limit events. View price limits details. |
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| Position Limits | See: CME Rulebook Chapter 5 - POSITION LIMIT, POSITION ACCOUNTABILITY AND REPORTABLE LEVEL TABLE | ||||
| Block Trade Eligibility | No. View more on block-trade eligibie contracts. | ||||
| Block Minimum | N/A | ||||
| Rulebook Chapter | 359A | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CME. | ||||