E-MINI NASDAQ-100 MONDAY WEEKLY OPTIONS - CONTRACT SPECS

Options
Contract Unit 1 E-mini Nasdaq-100 futures contract
Minimum Price Fluctuation Outright: 0.25 index points = $5.00 for premium above 5.00
Reduced Tick: 0.05 index points = $1.00 for premium at or below 5.00
CAB 0.05 index points = $1.00
Price Quotation U.S. dollars and cents per index point
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 5:45 p.m. – 6:00 p.m. CT
Product Code CME Globex: Q1A,Q2A,Q3A,Q4A,Q5A
CME ClearPort: Q1A,Q2A,Q3A,Q4A,Q5A
Clearing: Q1A,Q2A,Q3A,Q4A,Q5A
Listed Contracts Weekly contracts listed for 4 weeks.
No weekly contract listed the week of the EOM option expiration.
Termination Of Trading Trading terminates at 3:00 p.m. CT on Monday of the contract week
Position Limits CME Position Limits
Exchange Rulebook CME 359A
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strikes listed within +10% to -20% of the prior day’s settlement price of the underlying future contract in 10 index point increments.
Exercise Style European Style
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 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 Index Futures in the last 30 seconds of trading on expiration day (2:59:30 p.m.- 3:00:00 p.m. CT) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.
Settlement Method Deliverable
Underlying E-mini Nasdaq 100 Index Futures

About E-mini Nasdaq-100

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.

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