|Contract Unit||One quarterly E-mini NASDAQ-100 futures contract ($20 multiplier)|
|Minimum Price Fluctuation||DEFAULT||0.25=$5.00 for premium >5.00|
|Reduced Tick||0.05=$1.00 for premium < or =5.00|
|Trading Hours||CME Globex:||Sunday - Friday 6:00 p.m. - 5:00 p.m. New York Time/ET (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with 15-minute trading halt Monday – Friday 4:15 p.m. - 4:30 p.m. New York time/ET (3:15 p.m. - 3:30 p.m. Chicago Time/CT). Monday - Thursday 5:00 p.m. - 6:00 p.m. New York Time/ET (4:00 p.m. - 5:00 p.m. Chicago Time/CT) daily maintenance period.||CME ClearPort:||Sunday - Friday 6:00 p.m. - 5:00 p.m. New York time/ET (5:00 p.m. - 4:00 p.m. Chicago Time/CT). Monday - Thursday 5:00 p.m. - 6:00 p.m. New York Time/ET (4:00 p.m. - 5:00 p.m. Chicago Time/CT) daily maintenance period.|
|Product Code||CME Globex: NQCME ClearPort: NQClearing: NQ|
|Listed Contracts|| Four months in the March Quarterly Cycle (e.g., Mar, Jun, Sep, Dec).
July 2016 American Style Serial Options currently listed, will expire as regularly scheduled. No new American Style Serial option months will be listed upon expiration of these option contracts. Serial months will be replaced with Week 3 European style options
|Termination Of Trading||CME Globex||QUARTERLY: 8:30 a.m. 3rd Friday of the contract month
SERIAL: 4:00 p.m. 3rd Friday of the contract month
|DEFAULT||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.
|Position Limits||CME Position Limits|
|Exchange Rulebook||CME 359A|
|Price Limit Or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
|Strike Prices Strike Price Interval||10-point strike price intervals within ± 30% previous day’s settlement price of the underlying futures
Strike Listings: All strike intervals
|Exercise Procedure||American Style.|
|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.
|Underlying||E-mini NASDAQ 100 Futures|
Based on the underlying Nasdaq 100 stock index, E-mini NASDAQ 100 futures offer smaller-sized, liquid benchmark contracts to manage exposure to the 100 leading non-financial U.S. large-cap companies that make up the Nasdaq 100. The index is frequently used to manage technology exposure due to its heavy technology sector weighting.