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E-mini Nasdaq-100 End-of-Month 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: QNE
CME ClearPort: QNE
Clearing: QNE
Listed Contracts Four consecutive calendar months
Termination Of Trading 4:00 p.m. ET on Last Business Day of 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 At all multiples of 10 index points within ±30% of 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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