| Opening Date |
4/10/1996 |
| Ticker Symbol |
ND (Calls and Puts)
ND= Clearing
View product and vendor codes |
| Contract Size |
One NASDAQ-100 futures contract |
| Strike Price Interval |
All contract months: 10-point intervals |
| Tick Size (minimum fluctuation) |
OUTRIGHT
0.25=$25.00 for premium >3.00
HALF TICK
0.05=$5.00 for premium < or =3.00
CAB
0.05=$5.00
|
Trading Hours
All time listed are Central Time |
Open Outcry
MON-FRI: 8:30 a.m. -3:15 p.m.
CME Globex (Electronic Platform)
MON-THURS: 3:30 p.m.-8:15 a.m.
(daily maintenance shutdown from 4:30 p.m.-5:00 p.m.)
SUN: 5:00 p.m.-8:15 a.m.
|
| Contract Months |
Open Outcry
Four months in the March Quarterly Cycle (Mar, Jun, Sep, Dec) Plus Two Serial Months (i.e., Jan, Feb)
CME Globex
One month in the March Quarterly Cycle (Mar, Jun, Sep, Dec) Plus Two Serial Months (i.e., Jan, Feb)
|
Last Trade Date/Time
View Calendar |
Open Outcry
QUARTERLY: 3:15 p.m. / Thursday prior to 3rd Friday of the contract month
SERIAL: 3:15 p.m. / 3rd Friday of the contract month
CME Globex (Electronic Platform)
QUARTERLY: 3:15 p.m. / Thursday prior to 3rd Friday of the contract month
Serial: 3:15 p.m. / 3rd Friday of the contract month
|
| Strike Listing |
Open Outcry
All strikes interval
CME Globex
3 strikes up & down, and including the strike nearest the money
|
| Exercise Procedure |
American Style.
FLEX Options also available. |
| 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 the 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. 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. SERIALS are exercised into underlying cash-settled futures at their closing price on 3:15 p.m. on the 3rd Friday of the contract month |
| Daily Price Limits |
RTH: Successive 10%, 20%, 30% limits (downside only)
ETH (overnight): 5% up or down
View price limits details. |
| Position Limits |
10,000 futures-equivalent contracts net on same side of the market in all contract months combined |
| Block Trade Eligibility |
Yes. View more on block-trade eligibile contracts. |
| Block Minimum |
100 contracts |
| Rulebook Chapter |
357A |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
