CME Group DJIA

From MarketsWiki

This page is sponsored by...

Dow Jones Industrial Average futures
Exchange	CME Group
Settlement	Cash settled
Trade Unit	$10 times the Dow Jones Industrial Average Index. The DJIA is a price-weighted index of thirty (30) stocks.
Point Value	One index point (equal to $10 per contract)
Tick Value	One index point (equal to $10 per contract)
Contract Months	Mar, Jun, Sep, Dec. Four nearest months in March quarterly cycle and two additional December contracts listed at all times.
Last Trading Day	Last trading day is the day preceding the final settlement day (final settlement day is the third Friday of the contract month)
	Open Outcry	Electronic
Trading Hours	7:20 a.m. to 3:15 p.m. Central Time, Monday – Friday. (As of Jan. 13, 2008, open outcry hours change: 8:30 a.m.-3:15 p.m.) Trading in expiring contracts ceases at 3:15 p.m. Central Time on the last trading day.	6:15 p.m. to 7:00 a.m. Central Time, Sunday – Friday. Trading in expiring contracts ceases at 3:15 p.m. Central Time on the last trading day. (As of Jan. 13, 2008, electronic hours change: Mon/Thu - 3:30 p.m.-4:30 p.m. and 5 p.m.-8:15 a.m. next day; shut down period - 4:30 p.m.- 5 p.m.; Sun & Holidays - 5 p.m.-8:15 a.m.)
Ticker Symbol	DJ	ZD
Price Limits	Successive 10%, 20%, and 30% limits (As of Jan. 13, 2008, overnight price limit for the Dow Jones Index contracts will be lowered from 10% to 5%)	Successive 10%, 20%, and 30% limits (As of Jan. 13, 2008, overnight price limit for the Dow Jones Index contracts will be lowered from 10% to 5%)

Dow Jones Industrial Average options
Trade Unit	One futures contract
Point Value	Need point value!
Tick Value	0.05 point of option premium or 0.5 index points, which is equal to $5. (Option premium is quoted with an implicit multiplier of $100. For example, 34.65 points of option premium is equal to $3,465, which is also equal to 346.5 index points.
Option Months	The first 3 consecutive contract months (2 serial expirations and one quarterly expiration) plus the next 4 months in the quarterly cycle (Mar, Jun, Sep, Dec). Serials exercise into the first nearby quarterly futures contract. Quarterlies exercise into futures contracts of the same delivery period.
Strike Prices	Twenty 100-index-point intervals up and down from the futures price plus ten additional 200-point intervals above and below the highest and lowest 100 point intervals
Exercise Style	American
Option Expiration Day	Unexercised quarterly expirations of options on DJIA futures expire at 7:00 pm Chicago time on the business day following the last day of trading. Unexercised serial expirations of options on DJIA futures expire at 7:00 pm Chicago time on the last day of trading.
	Open Outcry	Electronic
Trading Hours	7:20 a.m. to 3:15 p.m. Central Time, Mon.-Fri (As of Jan. 13, 2008, open outcry hours change: 8:30 a.m.-3:15 p.m.)	6:17 p.m. - 7:00 a.m. Central Time, Sun.-Fri (As of Jan. 13, 2008, electronic hours change: Mon/Thu - 3:30 p.m.-4:30 p.m. and 5 p.m.-8:15 a.m. next day; shut down period - 4:30 p.m.- 5 p.m.; Sun & Holidays - 5 p.m.-8:15 a.m.)
Ticker Symbol	DJC for calls, DJP for puts	OZDC for calls, OZDP for puts
Price Limits	Successive 10%, 20%, and 30%	Successive 10%, 20%, and 30% (As of Jan. 13, 2008, overnight price limit for the Dow Jones Index contracts will be lowered from 10% to 5%)

Notes

Fungibility: BIG Dow futures ($25 multiplier), mini-sized Dow futures ($5 multiplier), and DJIA futures ($10 multiplier) are fungible contracts.

Trading Hours for legacy CBOT Dow Jones Index contracts: Trading on the CME Globex platform begins on Sunday, January 13, 2008 (for trade date of Monday, January 14, 2008). Simultaneous with the migration to CME Globex, the trading hours for the Dow Jones Index contracts are harmonized with other CME Group equity index contracts.