E-MINI NASDAQ-100 OPTIONS - CONTRACT SPECS

Options
Contract Unit 1 E-mini Nasdaq-100 futures contract
Minimum Price Fluctuation Outright: 0.25 index points = $5.00, for premium above 5.00
Reduced Tick: 0.05 index points = $1.00, for premium at or below 5.00
CAB 0.05 index points = $1.00
Price Quotation U.S. dollars and cents per index point
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 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code CME Globex: NQ
Clearing: NQ
Listed Contracts Quarterly contracts ( Mar, Jun, Sep, Dec) listed for 4 consecutive quarters
Termination Of Trading Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month.
Position Limits CME Position Limits
Exchange Rulebook CME 359A
Price Limit Or Circuit Price Limits 
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 100 index point integer multiples upon listing: +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples for the nearest expiration: +10% to -20% of the prior day’s settlement price on the underlying future contract.
Exercise Style American
Exercise Procedure An option can be exercised until 6:30 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 6:30 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 Nasdaq 100 Index Futures

About E-mini Nasdaq-100

E-mini Nasdaq-100 futures (NQ) offer liquid benchmark contracts to manage exposure to the 100 leading non-financial U.S. large-cap companies that make up the Nasdaq-100. The E-mini Nasdaq-100 futures contract is $20 x the Nasdaq-100 index and has a minimum tick of 0.25 index points. Delayed data for E-mini Nasdaq-100 futures displayed in the table below includes for the open, high and low prices and volume for the active contracts.

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