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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 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
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: MQ1,MQ2,MQ3,MQ4
CME ClearPort: MQ1,MQ2,MQ3,MQ4
Clearing: MQ1,MQ2,MQ3,MQ4
Listed Contracts At any given time, three nearest weeks of MQ1, MQ2, and MQ4 (Weeks 1, 2 & 4) and two nearest weeks of MQ3 (Week 3) will be listed for trading
Termination Of Trading Trading terminates at 3:00 p.m. CT on the Last Business Day 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 10 index point integer multiples, when listed:  +10% to -20% of the prior day’s settlement price on the underlying future contract
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 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 Micro E-mini Nasdaq 100 Index Futures

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