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Weekly Options on CME Equity Index Futures
NASDAQ-100 Weekly Options

Standard and E-mini Nasdaq-100 Weekly Options
European-style standard and E-mini NASDAQ-100 weekly options expand trading opportunities on our benchmark equity index products.

A weekly expiration is now available for every Friday of the contract month except for the third Friday, the expiration day of existing American-style quarterly and serial options. In months that have five Fridays (October 2010, for example), a Week 5 weekly expiration will be listed for trading.

 

Access detailed contract specifications and product calendars:

NASDAQ-100 Weekly options E-mini NASDAQ-100 Weekly options

 

Benefits

  • Expanded choice.
    • Complementary to existing quarterly/serial options that expire on the third Friday, weekly options add expirations to other Fridays of the contract month.
    • The result is a more complete trading calendar and choice of exercise styles (European-style for weekly options, American-style for quarterly /serial options).
  • Precision timing from shorter durations.
    • Weekly options offer precise, strategic tools you can use to target market movements stemming from new economic releases or market events taking place in specific time frames.
  • Exercise certainty / elimination of pin risk.
    • These contracts offer European-style exercise and prohibit contrarian instructions -- meaning that, at expiration, all in-the-money options are automatically exercised and all out-of-the money options are automatically abandoned.
    • This eliminates options writers’ pin risk from having positions disrupted from early exercise or contrary exercise instructions.
  • NQF expiration.
    • As with weekly options on S&P 500 futures, at expiration CME will calculate a special fixing price based on the weighted-average trading price of E-mini NASDAQ-100 futures in the last 30 seconds (2:59:30 – 3:00:00) prior to the 3:00 p.m. (Chicago time) option expiration.
    • This price will be disseminated immediately using the symbol NQF, and will be used to determine which weekly options are in the money.

      • View Equity Index Options Special Fixing Prices

 

Resources

 

Expanded Standard and E-mini S&P 500 Weekly Options

CME Group offers a Week 4 weekly option on standard and E-mini S&P 500 futures designed to expire on the fourth Friday of the contract month. These contracts further round out a comprehensive trading calendar that includes Week 1 and Week 2 expirations on the first and second Fridays of the contract month, end-of-month expirations on the last business day of the contract month, and quarterly /serial expirations on the third Friday of the contract month.

 

Access detailed contract specifications and product calendars:

S&P 500 Weekly Options E-mini S&P 500 Weekly Options

 

ESF fixing price
Like end-of-month options, at expiration, CME calculates a special fixing price (applied to both the E-mini and standard-size S&P 500 weekly options) based on the weighted-average trading price of E-mini S&P 500 futures in the last 30 seconds (2:59:30 – 3:00:00) before the 3:00 p.m. Chicago time option expiration. This price will be disseminated immediately using the symbol ESF, and is used to determine which weekly and EOM options are in the money.

View ESF special fixing price calculations

 

Resources