CME Group Mini-sized Dow
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| Mini-Sized Dow ($5 multiplier) futures | ||
|---|---|---|
| Exchange | CME Group | |
| Settlement | Cash settled | |
| Trade Unit | Five dollars ($5) 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 $5 per contract) | |
| Tick Value | One index point (equal to $5 per contract) | |
| Contract Months | Mar, Jun, Sep, Dec. Four contract months listed at all times. | |
| Last Trading Day | The trading day preceding the final settlement day. (Final settlement day is the third Friday of the contract month.) | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | Electronic | |
| Trading Hours | N/A | 6:15 p.m. to 4:00 p.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 | N/A | YM |
| Price Limits | N/A | 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%) |
| Mini-Sized Dow ($5 multiplier) options | ||
| Trade Unit | One futures contract | |
| Point Value | Need point value! | |
| Tick Value | Minimum price fluctuation is one point ($5), e.g., an option with a premium of 20 points has a value of $100. | |
| Option Months | 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 mini-sized Dow futures expire at 7:00 pm Chicago time on the business day following the last day of trading. Unexercised serial expirations of options on mini-sized Dow futures expire at 7:00 pm Chicago time on the last day of trading.
(Last Trading Day: For standard quarterly option contracts: The trading day immediately preceding the Final Settlement Day. Final Settlement Day is the third Friday of the contract month; for serial option contracts: The third Friday of the serial contract month). | |
| No Open Outcry | Electronic | |
| Trading Hours | N/A | Electronic: 6:17 p.m. - 4:00 p.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 | N/A | OYMC for calls, OYMP for puts |
| Price Limits | N/A | Successive 10%, 20%, and 30% limits; overnight ETH - 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.
Also See
CME Group stock index products
