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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.

Options
Contract Unit One E-mini Nasdaq-100 futures contract
Minimum Price Fluctuation Regular Tick: 0.25 index points ($5.00) for premium > 5.00 index points ($100.00)
Reduced Tick: 0.05 index points ($1.00) for premium at or below 5.00 index points ($100.00)
CAB: 0.05 index points ($1.00)
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with  trading halt 4:15 p.m. - 4:30 p.m.
Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET.
Product Code CME Globex: QN1,QN2,QN3,QN4
CME ClearPort: QN1,QN2,QN3,QN4
Clearing: QN1,QN2,QN3,QN4
Listed Contracts 4 concurrent weekly contracts will be listed at any given time (i.e., Week 1, Week 2, Week 4, and Week 1) along with Week 3 (QN3) contracts for each of the two nearest Serial months.
Termination Of Trading Default: 4:00 p.m. ET on Friday of the named week.
Week 1 Week 1: 1st Friday of contract month
Week 2: 2nd Friday of contract month
Week 4: 4rd Friday of contract month
Position Limits CME Position Limits
Exchange Rulebook CME359A
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures At all multiples of 10 index points within ±30% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
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

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