E-mini Nasdaq-100 Monday and Wednesday Weekly Options

More expirations, more precision to manage Nasdaq-100 exposure

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Expand your choices to manage market-moving events and fine-tune your trading strategies with E-mini Nasdaq-100 Monday and Wednesday Weekly options. These short-dated contracts offer greater flexibility for trading the leading benchmark of modern-day industrials, the Nasdaq-100 Index.

Key benefits

Trade with more precision

Add more granularity to your trading strategies and fine-tune your Nasdaq-100 Index exposure.

Add versatility to manage positions

Short-term options offer greater flexibility to manage high-impact event risk, providing the versatility you need in your trading strategies.

Tap into E-mini Nasdaq-100 futures liquidity

These contracts settle into liquid E-mini Nasdaq-100 futures contracts, which averaged ~580K contracts traded daily in 2020.

Learn more about E-mini Nasdaq-100 Monday and Wednesday Weekly options

Understand the key elements of the E-mini Nasdaq-100 weekly options contracts and see what they can bring to your trading strategies.

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Contract specifications

CONTRACT 

E-mini Nasdaq-100 Monday / Wednesday Weekly Options (European-Style)

CME Globex/CME ClearPort CODE

Mondays: Q1A, Q2A, Q3A, Q4A, Q5A
Wednesdays: Q1C, Q2C, Q3C, Q4C, Q5C

UNDERLYING FUTURES MULTIPLIER

$20

CONTRACT UNIT

One E-mini Nasdaq-100 futures contract

LISTING SCHEDULE

At any given time, four nearest weeks will be listed for trading:
Q1A, Q2A, Q3A, Q4A, Q5A (Monday) 
Q1C, Q2C, Q3C, Q4C, Q5C (Wednesday)

sTRIKE PRICE LISTING SCHEDULE

+10% above prior day’s settlement
-30% below prior day’s settlement

EXERCISE PROCEDURE

European Style

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. A 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 Stock Price Index futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.- 4:00:00 p.m. ET) will be used to determine which options are in-the-money. Contrary exercise instructions are prohibited. Option exercise results in a position in the underlying futures contract

View full contract specifications

More tools and resources

Trader's Edge: E-mini Nasdaq-100 Monday and Wednesday Weekly options

Dave Lerman, Director of Education at CME Group, explains contract details and how short-dated options can help manage event risk.

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