E-MINI NASDAQ-100 OPTIONS - CONTRACT SPECS

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

Contract Unit	One E-mini Nasdaq-100 futures contract
Minimum Price Fluctuation	Reduced Tick:	0.05 index points = $1.00, for premium less than or equal to 5.00
	Outright:	0.25 index points = $5.00, for premium greater than 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: QNE CME ClearPort: QNE Clearing: QNE
Listed Contracts	Monthly contracts listed for 4 consecutive months
Termination Of Trading	Trading terminates at 4:00 p.m. ET on the last business day of the contract month.
Position Limits	CME Position Limits
Exchange Rulebook	CME 359 A
Block Minimum	Block Minimum Thresholds
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 three expirations: +10% to -20% of the prior day’s settlement price on the underlying future contract
Exercise Procedure	European Style. Exercisable only on expiration day.
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 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 Nasdaq 100 Index Futures

Contract Unit	One E-mini Nasdaq-100 futures contract
Minimum Price Fluctuation	Regular tick: 0.25 index points = $5.00 for premium below 5.00 index points Reduced tick: 0.05 index points = $1.00 for premium at or below 5.00 index points CAB: 0.05 index points = $1.00
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 5:45 p.m. – 6:00 p.m. CT
Product Code	CME Globex: Q1A,Q2A,Q3A,Q4A,Q5A CME ClearPort: Q1A,Q2A,Q3A,Q4A,Q5A Clearing: Q1A,Q2A,Q3A,Q4A,Q5A
Listed Contracts	4 weekly expiries listed at any one time. If an expiration coincides with EOM expiration, the Monday weekly will not be listed.
Termination Of Trading	Trading terminates at 3:00 p.m. CT on Expiration Monday
Position Limits	CME Position Limits
Exchange Rulebook	CME 359A
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strikes listed within +10% to -20% of the prior day’s settlement price of the underlying future contract in 10 index point increments.
Exercise Style	European Style
Exercise Procedure	European Style. Exercisable only on expiration day.
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 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 Index Futures in the last 30 seconds of trading on expiration day (2:59:30 p.m.- 3:00:00 p.m. CT) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.
Settlement Method	Deliverable
Underlying	E-mini Nasdaq 100 Index Futures

Contract Unit	1 E-mini Nasdaq-100 futures contract
Minimum Price Fluctuation	Reduced Tick:	0.05 index points = $1.00 for premium at or below 5.00
	Outright:	0.25 index points = $5.00 for premium above 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 with trading halt 4:15 p.m. - 4:30 p.m.
	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: QN1,QN2,QN3,QN4 CME ClearPort: QN1,QN2,QN3,QN4 Clearing: QN1,QN2,QN3,QN4
Listed Contracts	4 weekly contracts of week 1, week 2 and week 4 and 2 weekly contracts of week 3
Termination Of Trading	Trading terminates at 4:00 p.m. ET on Friday of the contract week
Position Limits	CME Position Limits
Exchange Rulebook	CME359A
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Weeks 1, 2 and 4: +10% to -20% of the prior day’s settlement price of the underlying future contract in 10 index point increments Week 3: +30% and -50% of the prior day’s settlement price of the underlying future contractat in 100 index point increments and +10% and -20% in 10 index point increments
Exercise Procedure	European Style. Exercisable only on expiration day.
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 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 Nasdaq 100 Index Futures

Contract Unit	One E-mini Nasdaq-100 futures contract
Minimum Price Fluctuation	Regular tick: 0.25 index points = $5.00 for premium below 5.00 index points Reduced tick: 0.05 index points = $1.00 for premium at or below 5.00 index points CAB: 0.05 index points = $1.00
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 5:45 p.m. – 6:00 p.m. CT
Product Code	CME Globex: Q1C,Q2C,Q3C,Q4C,Q5C CME ClearPort: Q1C,Q2C,Q3C,Q4C,Q5C Clearing: Q1C,Q2C,Q3C,Q4C,Q5C
Listed Contracts	4 weekly expiries listed at any one time. If an expiration coincides with EOM expiration, the Wednesday weekly will not be listed.
Termination Of Trading	Trading terminates at 3:00 p.m. CT on Expiration Wednesday.
Position Limits	CME Position Limits
Exchange Rulebook	CME 359A
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strikes listed within +10% to -20% of the prior day’s settlement price of the underlying future contract in 10 index point increments.
Exercise Style	European Style
Exercise Procedure	European Style. Exercisable only on expiration day.
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 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 Index Futures in the last 30 seconds of trading on expiration day (2:59:30 p.m.- 3:00:00 p.m. CT) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.
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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E-MINI NASDAQ-100 OPTIONS - CONTRACT SPECS

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