E-mini Nasdaq-100 Options Contract Specs
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.
| Contract Unit | One E-mini Nasdaq-100 futures contract | ||||
| Minimum Price Fluctuation |
Regular tick: 0.25 index points = $5.00, for premium greater than 5.00 Reduced tick: 0.05 index points = $1.00, for premium less than or equal to 5.00 CAB: 0.05 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 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: NQClearing: 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. |
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| 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 Futures | ||||
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