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Emini Dow ($5) Futures and Options

Dow Jones futures ($10) and Emini Dow futures ($5) provide a way to efficiently gain exposure, with a mid-sized contract, to a key benchmark for the U.S. stock market.

They also enable you to:

  • Benefit from potentially lower trading costs compared to trading individual stocks or Exchange-Traded Funds (ETFs)
  • Use a financial tool that accommodates a range of strategies, different market environments and varied objectives

Dow Jones Futures Things to know:

Trading takes place via open outcry during regular trading hours and electronically on the CME Globex platform. CME Clearing matches and settles all trades and guarantees counter party creditworthiness.

E-mini Dow ($5) Futures Contract Specifications

Ticker Symbol YM
YM= Clearing

Contract Size $5 x Dow Jones Industrial Average ("DJIA")

Tick Size (minimum fluctuation) 1.00 index points=$5.00

Trading Hours
All time listed are Central Time CME Globex

 (ETH) MON – FRI: 5:00 p.m. previous day – 4:15 p.m.; trading halt from 3:15 p.m. – 3:30 p.m.

Contract Months Four months in the March Quarterly Cycle (Mar, Jun, Sep and Dec)

Last Trade Date/Time

View Calendar CME Globex

Trading can occur up to 8:30 a.m. on the 3rd Friday of the contract month

Settlement Procedure Daily E-mini Dow Settlement Procedures (PDF)

Final E-mini Dow Settlement Procedures (PDF)

See SOQ FAQ (PDF)

Daily Price Limits View price limits details

Position Limits See: CBOT Rulebook Chapter 5 - POSITION LIMIT, POSITION ACCOUNTABILITY AND REPORTABLE LEVEL TABLE

Block Trade Eligibility No. View more on block-trade eligible contracts.

Block Minimum N/A

Rulebook Chapter 27 

E-mini Dow Options

Ticker Symbol
OYMC (Calls)
OYMP (Puts)
YM= Clearing

Contract Size One E-mini Dow ($5) futures contract

Strike Price Intervals 500-point intervals within ± 50% previous day’s settlement price of the underlying futures 100-point intervals within ± 20% previous day’s settlement price of the underlying futures 50-point intervals within ± 10% previous day’s settlement price of the underlying futures for the two nearest quarterly cycle month options. Exercise prices for serial options shall be identical to the exercise prices that are listed for the March quarterly options on the same underlying futures contract

Tick Size (minimum fluctuation) 1.00=$5.00

Reduced Tick: Option Premium ≤ $4.00, may be traded in $1.00 increments per option contract, i.e. at $1.00, $2.00, $3.00 or $4.00

Trading Hours
All time listed are Central Time

CME Globex (Electronic Platform) MON – FRI: 5:00 p.m. previous day – 4:15 p.m.; trading halt from 3:15 p.m. – 3:30 p.m.

Contract Months

View Listings: First three consecutive months (2 Serial Months, 1 quarterly)  plus the next three contracts in the March Quarterly Cycle

Strike Listings CME Globex All strike intervals

Last Trade Date/Time

View Calendar CME Globex QUARTERLY:  8:30 a.m. 3rd Friday of the contract month
SERIAL: 4:15 p.m. 3rd Friday of the contract month

Exercise Procedure for American Style.

Expiration Date Procedure An option can be exercised until 7:00 p.m. on any business day the option is traded.

QUARTERLY OPTIONS - Unexercised in-the-money options will be automatically exercised at 7:00 p.m. on the day of determination of the Final Settlement Price.

SERIAL OPTIONS - Unexercised in-the-money options will be automatically exercised at 7:00 p.m. on Serial Option 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.

In-the-money QUARTERLY OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m. on the day of the expiration, are exercised automatically into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month.

In-the-money SERIAL OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m. on the day of the expiration, shall be exercised automatically on serial option expiration day.

Daily Price Limits Option trading is not permitted during trading halts due to price limit events. View price limits details

Position Limits See: CBOT Rulebook Chapter 5 - POSITION LIMIT, POSITION ACCOUNTABILITY AND REPORTABLE LEVEL TABLE 

Block Trade Eligibility No. View more on block-trade eligible contracts. 

Block Minimum N/A

Rulebook Chapter CBOT 27A  

Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CBOT.

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