|E-mini NASDAQ 100 Options|
|Ticker Symbol||NQ (Calls and Puts)
View product and vendor codes
|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|
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
|Last Trade Date/Time
|CME Globex||QUARTERLY: 8:30 a.m. 3rd Friday of the contract month
SERIAL: 4:15 p.m. 3rd Friday of the contract month
|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.
|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.
|Daily Price Limits||Option trading is not permitted during trading halts due to price limit events.
View price limits details.
|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.|
|Exchange Rule||These contracts are listed with, and subject to, the rules and regulations of CME.|