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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
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 - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 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 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 Futures

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