CME Group NASDAQ-100

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Nasdaq 100 futures
Exchange CME Group
Settlement Cash settled
Trade Unit $100 times the NASDAQ-100 Index
Point Value .01 per index point = $1.00 per contract
Tick Value $0.25=$25/contract; Calendar Spread $0.05=$5/contract
Contract Months Five months in the March Quarterly cycle
Last Trading Day The business day immediately preceding the day of determination of the Final Settlement Price (normally, the Thursday prior to the 3rd Friday of the contract month)
  Open Outcry Electronic
Trading Hours 8:30 a.m.-3:15 p.m. Last trading day - 3:15 p.m. Mon/Thurs 5:00 p.m.-8:15 a.m. & 3:30 p.m.-4:30 p.m.; Shutdown period from 4:30 p.m. to 5:00 p.m. nightly; Sun & Hol 5:00 p.m.-8:15 a.m. Chicago time
Ticker Symbol ND ND
Price Limits Successive 10%, 20%, and 30% limits; overnight ETH - 5% Successive 10%, 20%, and 30% limits; overnight ETH - 5%
 
Nasdaq 100 options
Trade Unit One futures contract
Point Value 1 point = .01 index points = $1.00
Tick Value Regular 0.05=$25.00 for premium >3.00; Cabinet trades - 0.05=$5.00; Special "Half Tick" 0.05=$5.00 for premium < or =3.00
Option Months Four March quarterly cycle contract months + two serial months
Strike Prices On Globex: 3 strikes up & down, including the strike nearest the money. With open outcry: All listed intervals
Exercise Style American and European (see ticker symbols)
Option Expiration Day Need OED rules!
  Open Outcry Electronic
Trading Hours 8:30 a.m.-3:15 p.m.; Last Trading Day - 3:15 p.m. Chicago time Mon/Thurs 5:00 p.m.-8:15 a.m. & 3:30 p.m.-4:30 p.m.; Shutdown period from 4:30 p.m. to 5:00 p.m. nightly; Sun & Hol 5:00 p.m.-8:15 a.m. Chicago time
Ticker Symbol Clearing=ND, Ticker=ND. American Flex: Calls=XHC; Puts=XHP; European Flex: Calls=YHC; Puts=YHP See left
Price Limits Options trading halted when lead Nasdaq 100 future locks limit Options trading halted when lead Nasdaq 100 future locks limit

Notes

Also See

CME Group stock index products

References

CME Group Web site

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