E-mini Dow ($5) Options Contract Specs
| Contract Unit | One E-mini Dow ($5) futures contract | ||||
| Minimum Price Fluctuation |
Regular Tick: 1.00 index point ($5.00) for premium > 4.00 index points ($20.00) Reduced Tick: Option premium at or below 4.00 index points may be traded in $1.00 increments per option contract, i.e. at $1.00, $2.00, $3.00, or $4.00 |
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| Trading Hours | CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 4:15 p.m. - 4:30 p.m. Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET |
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| Product Code | CME Globex: OYMCME ClearPort: YMClearing: YM | ||||
| Listed Contracts | Four months in the March Quarterly Cycle (e.g., Mar, Jun, Sep, Dec) | ||||
| Termination Of Trading | 9:30 a.m. ET on the 3rd Friday of the contract month | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 27A | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | 500-point intervals within ± 50% pervious day's settlement price of the underlying futures 100- point intervals within ± 20% previous day's settlement price of the underlying futures 50- point intervals within ± 10% previous day's settlement price of the underlying futures for the two nearest quarterly cycle month options |
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| Exercise Procedure | American Style. An option can be exercised until 8:00 p.m. ET on any business day the option is traded | ||||
| Settlement At Expiration | Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 8:00 p.m. ET on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month. | ||||
| Settlement Method | Deliverable | ||||
| Underlying | E-mini Dow ($5) Futures | ||||
About E-mini Dow
An electronically traded futures contract representing a portion of standard DJIA futures, E-mini Dow futures offer an accessible alternative to manage exposure to the U.S. stock market. Based on the Dow Jones Industrial Average, E-mini Dow futures offer exposure to the 30 U.S. blue-chip companies represented in the stock index.
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