E-mini Dow ($5) Weekly Options Contract Specs
| Contract Unit | One E-mini Dow ($5) futures contract | ||||
| Minimum Price Fluctuation |
Regular tick: 1.00 index points = $5.00, for premium greater than 4.00 Reduced tick: 0.20 index points = $1.00, for premium less than or equal to 4.00 CAB: 0.20 index points = $1.00 |
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| Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a daily trading halt from 4:15 p.m. - 4:30 p.m. ET | CME ClearPort: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | |
| Product Code | CME Globex: YM1,YM2,YM3,YM4CME ClearPort: YM1,YM2,YM3,YM4Clearing: YM1,YM2,YM3,YM4 | ||||
| Listed Contracts | 2 weekly contracts listed for weeks 1, 2 and 4, and 2 week 3 contracs. No weekly contract listed the same week as the quarterly option expiration. | ||||
| Termination Of Trading | Trading terminates at 4:00 p.m. ET on Friday of the contract week week | ||||
| 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 | European Style. Exercisable only on expiration day. | ||||
| Settlement At Expiration | 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 of the E-mini Dow ($5) 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. Contrarian instructions are prohibited. | ||||
| 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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