|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,|
|Termination Of Trading||CME Globex:||QUARTERLY: 8:30 a.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.
|Position Limits||CME Position Limits|
|Exchange Rulebook||CME 359A|
|Price Limit Or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
|Strike Price Listing Procedures||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.
|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.