E-mini Nasdaq-100 Weekly 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 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 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,QN4CME ClearPort: QN1,QN2,QN3,QN4Clearing: 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 Futures | ||||
Nasdaq-100 Futures vs ETFs
Learn about the costs of replicating Nasdaq-100 Index exposure via futures and ETFs across four common investment scenarios.
Nasdaq-100 Futures Updates
Stay up-to-date with what's happening with Nasdaq-100 futures, including product developments and market-moving events.
© 2020 CME Group Inc. All rights reserved.