CME Group DJIA

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Dow Jones Industrial Average futures
Exchange CME Group
Settlement Cash settled
Contract Size $10 times the Dow Jones Industrial Average Index. The DJIA is a price-weighted index of thirty (30) stocks.
Pricing Unit 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 8:30 a.m.-3:15 p.m. Central Time, Monday – Friday.

Trading in expiring contracts ceases at 3:15 p.m. Central Time on the last trading day.

Monday – Friday: 5:00 p.m. previous day –

4:15 p.m. CT, trading halt from 8:15 a.m. – 3:30 p.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 3 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
  Open Outcry Electronic
Trading Hours 8:30 a.m. to 3:15 p.m. Central Time, Mon.-Fri Monday – Friday: 5:00 p.m. previous day –

4:15 p.m. CT, trading halt from 8:15 a.m. – 3:30 p.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.

Also See

CME Group stock index products

References

CME Group Web site

Dow Jones Industrial Average Futures and Options

Last modified on 15 June 2018, at 16:33