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E-mini NASDAQ-100 Options
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Type
 
E-mini NASDAQ 100 Options
Opening Date 11/22/2004
Ticker Symbol NQ (Calls and Puts)
NQ= Clearing
View product and vendor codes
Contract Size One quarterly E-mini NASDAQ-100 futures contract ($20 multiplier)
Strike Price Intervals All contract months: 10-point intervals
Tick Size (minimum fluctuation) 0.25=$5.00 for premium >3.00
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-THURS: 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m.
(Daily maintenance shutdown 4:30 p.m.-5:00 p.m.)
SUN: 5:00 p.m.-3:15 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
Last Trade Date/Time
View Calendar		 CME Globex QUARTERLY:  8:30 a.m. 3rd Friday of the contract month
SERIAL: 3:15 p.m. 3rd Friday of the contract month
Exercise Procedure American Style.
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. In-the-money QUARTERLY OPTIONS are exercised 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 are exercised into futures at their strike prices at 3:15 p.m. on the 3rd Friday of the contract month.
Daily Price Limits Coordinated with the underlying futures price limits. View price limits details.
Position Limits Position limits work in conjunction with existing NASDAQ-100 futures & options limits
Block Trade Eligibility No. View more on block-trade eligibile contracts.
Block Minimum N/A
Rulebook Chapter 359A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.