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NASDAQ-100 Options
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Type
 
NASDAQ 100 Options
Opening Date 4/10/1996
Ticker Symbol ND (Calls and Puts)
ND= Clearing
View product and vendor codes
Contract Size One quarterly NASDAQ-100 futures contract ($100 multiplier)
Strike Price Intervals All contract months: 10-point intervals
Tick Size (minimum fluctuation) 0.25=$25.00 for premium >3.00
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: 8:15 a.m. / Thursday prior to 3rd Friday of the contract month
Serial: 8:15 a.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 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 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.