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Options on Micro E-mini Nasdaq-100 Index Futures Contract Specs

  • Micro E-mini Nasdaq-100 futures (MNQ) offer smaller-sized versions of our liquid benchmark E-mini contracts
  • They are designed to manage exposure to the 100 leading non-financial U.S. large-cap companies that make up the Nasdaq-100
  • The Micro E-mini Nasdaq-100 futures contract is $2 x the Nasdaq-100 Index and has a minimum tick of 0.25 index points
  • View delayed data for Micro E-mini Nasdaq-100 futures below for the open, high and low prices and volume for the active contracts
Options
Contract Unit One Micro E-mini Nasdaq-100 Index Futures
Minimum Price Fluctuation Outrights: 0.25 Index points =  $0.50 per contract for premium > 5 index points = $10.00
Reduced Tick: 0.05 Index points =  $0.10 per contract for premium at or below 5 index points = $10.00
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
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: MNQ
CME ClearPort: MNQ
Clearing: MNQ
Listed Contracts Contracts listed for the nearest 2 consecutive contract months in the March Quarterly Cycle (Mar, Jun, Sep, Dec) 
Termination Of Trading Trading terminates at 8:30a.m. CT on the 3rd Friday of the contract month
Position Limits CME Position Limits
Exchange Rulebook CME 361A
Price Limit Or Circuit Price Limits 
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 100 index point integer multiples, when listed:  +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples, when the underlying future is the closest contract:  +10% to -20% of the prior day’s settlement price on the underlying future contract
Exercise Style American Style
Exercise Procedure American Style. An option can be exercised until 5:30 p.m. CT on any business day the option is traded
Settlement At Expiration Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 5:30 p.m. CT on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month. 
Settlement Method Deliverable
Underlying Micro E-mini Nasdaq 100 Index Futures

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