Effective on Sunday, March 23, 2014 for trade date Monday, March 24, 2014, and pending all CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (CME or Exchange) will amend the listing schedule and increase the minimum number of out-of-the-money strike prices for the weekly options on the following two (2) contracts:
Product Title |
CME Rulebook Chapter |
Ticker Symbol |
Options on E-mini NASDAQ 100 Index Futures (Weekly) |
359A |
Week 1: QN1 Week 2: QN2 Week 4: QN4
|
Options on NASDAQ 100 Index Futures (Weekly) |
357A |
Week 1: DN1 Week 2: DN2 Week 4: DN4
|
Options on E-mini NASDAQ 100 Index Futures are listed for trading on CME Globex and Options on NASDAQ 100 Index Futures are listed for trading on CME Globex and the CME trading floor.
The amendments to the listing schedule of two (2) additional weekly options will allow four (4) concurrent weekly Options on NASDAQ 100 Index and E-mini NASDAQ 100 Index Futures to be available for trading.
The minimum number of out-of-the-money strike prices available for trading for Weekly Options on E-mini NASDAQ 100 Index and NASDAQ 100 Index Futures will be increased from 25 to 50.
Additions are underlined, Deletions are bracketed and struck-through
Chapter 357A
Options on NASDAQ 100 Index Futures
357A01.E. Exercise Prices
4. Options in the European Style Weekly Options Series
At the commencement of trading, the Exchange shall list all exercise prices within 50 [25] strikes above and below the previous day’s settlement price of the March quarterly options on the same underlying futures contract that are integers divisible by 10 without remainder, e.g. 1210, 1220, 1230, etc.
Chapter 359A
Options on E-mini NASDAQ 100 Index Futures
359A01.E. Exercise Prices
3. Options in the European Style Weekly Options Series
At the commencement of trading, the Exchange shall list all exercise prices within 50 [25] strikes above and below the previous day’s settlement price of the March quarterly options on the same underlying futures contract that are integers divisible by 10 without remainder, e.g. 1200, 1210, 1220, etc.
Please contact Mr. John Nyhoff, R&PD at 312-930-2310; Ms. Lucy Wang, R&PD at (312)648-5478 if you have any inquiries regarding this matter.