MICRO E-MINI NASDAQ-100 INDEX EOM OPTIONS - CONTRACT SPECS

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: MQE
CME ClearPort: MQE
Clearing: MQE
Listed Contracts Monthly contracts listed for the nearest 3 consecutive months
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 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 second closest contract:  +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
  • 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

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