Notwithstanding the specification in the following table, based on the decision by the Board of Directors of CME Group, options with expiration date beyond June 19, 2015 will no longer be available for trading. Options with expiration prior to June 19, 2015 but have not yet listed for trading will be listed at their scheduled listing date.
Beginning with the trade date of March 12, 2015, this product will no longer be available for trading on CME Globex Electronic Platform during the non-open outcry hours.
|Ticker Symbol||ND (Calls and Puts)
View product and vendor codes
|Contract Size||One quarterly NASDAQ-100 futures contract ($100 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=$25.00 for premium >5.00|
|Reduced Tick: 0.05=$5.00 for premium < or =5.00|
All time listed are Central Time
|Open Outcry||MON-FRI: 8:30 a.m. -3:15 p.m.|
|CME Globex (Electronic Platform)||MON-FRI: 5:00 p.m. previous day – 4:15 p.m. CT, trading halt from 8:15 a.m. – 3:30 p.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
|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: 4:15 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 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||Yes. View more on block-trade eligible contracts.|
|Block Minimum||100 contracts|
|Exchange Rule||These contracts are listed with, and subject to, the rules and regulations of CME.|