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Emini NASDAQ-100 Futures

The NASDAQ-100 Index represents the largest non-financial U.S. and international issues listed on The NASDAQ Stock Market based on market capitalization. Index holdings represent companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not contain financial companies (including investment companies) and uses a modified capitalization methodology to provide enhanced diversification.

For a complete list of stocks in the index and Index methodology, visit The NASDAQ Web site.

Ticker Symbol NQ

NQ= Clearing

Contract Size $20 x NASDAQ-100 Index

Tick Size (minimum fluctuation)

OUTRIGHT 0.25 index points=$5.00

CALENDAR SPREAD 0.05 index points=$1.00

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 Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)

Last Trade Date/Time  Trading can occur up to 8:30 a.m. on the 3rd Friday of the contract month.

Settlement Procedure Daily E-mini NASDAQ Settlement Procedure (PDF)

Final E-mini NASDAQ Settlement Procedure (PDF)

Daily Price Limits View price limits details

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

Block Trade Eligibility No.

Block Minimum N/A

Rulebook Chapter 359

E-mini NASDAQ 100 Options

Ticker Symbol NQ (Calls and Puts)

NQ= Clearing

View product and vendor codes

Contract Size One quarterly E-mini NASDAQ-100 futures contract ($20 multiplier)

Strike Price Intervals 10-point strike price intervals within ± 30% previous day’s settlement price of the underlying futures

Tick Size (minimum fluctuation) 0.25=$5.00 for premium >3.00

Reduced Tick: 0.05=$1.00 for premium < or =3.00

Cab: 0.05=$1.00

Trading Hours

All times listed are Central Time (CT) 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 Four months in the March Quarterly Cycle (e.g., Mar, Jun, Sep, Dec) Two Serial Months (e.g., Jan, Feb, Apr)

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 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: CME 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 359A

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

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