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U.S. Index
Product Overview
Options on Dow ($10) futures provide a way to limit downside risk while maintaining exposure, with a mid-sized contract, to a key benchmark of 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
Things to know:
- Contracts trade solely electronically on the CME Globex platform
- Virtually around the clock, around the world
- Complete price transparency and anonymity
- CME Clearing matches and settles all trades and guarantees counterparty creditworthiness
Get Real-Time Quotes
View free real-time quotes on a variety of electronically traded CME Group products
General News & Announcements for Equity
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
- Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
- Tools to Transfer Russell 2000 Open Interest to S&P SmallCap 600 or S&P MidCap 400 Contracts:
- Coming May 19: New EMD-ER2 Intercommodity Spread Tool
- Available now: SMC-ER2 Intercommodity Spread Tool
Reduced Fees on Spread-Traded E-mini Options
Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options:
ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options
ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options
Block trades for E-mini Russell 2000
CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.
- Equity Index Products Research Center
- Equity Index Choices resource center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
CME Product Market Data
Having issues with streaming quotes and want a static snapshot? Click here for our 10-minute delayed reports
| Trade Unit | 1 CBOT DJIA futures contract | ||
| Settle Method | Cash Settled | ||
| Point Size | 0.5 point ($5.00/contract) | ||
| Strike Price Interval | 20 intervals +/- the ATM for the 100 point strikes; 10 intervals +/- the ATM for the 200 point strikes. | ||
| Strike | All listed intervals. | ||
| Limits/Price Banding | Successive 10%, 20%, and 30% price limits based on the average daily close of the cash index in the last month of the preceding quarter. Price limits are effective only for limit moves below the previous day's close. If trading in CBOT DJIA futures halt, options will also halt trading. | ||
| Tick Size (Minimum Fluctuation) |
|
||
| Trading Hours | Mon/Thu 3:30 p.m. to 4:30 p.m. and 5:00 p.m. to 3:15 p.m. | ||
| Listed | All listed series. | ||
| Product Codes | Open Auction: DJC/DJP Electronic: OZD Clearing: 11 | ||
| Minimum Block Size | |||
| Product Calendar | Same as futures quarterly cycle (4 quarterly months in Mar, Jun, Sep, Dec cycle) plus 2 to 3 nearest months ("serial" months) such that at least four consecutive contract months are listed. View current product listings |
| Trade Unit | 1 CBOT DJIA futures contract | ||
| Settle Method | Cash Settled | ||
| Point (Tick) Size | 0.5 point ($5.00/contract) | ||
| Strike Price Interval | 20 intervals +/- the ATM for the 100 point strikes; 10 intervals +/- the ATM for the 200 point strikes. | ||
| Strike | All listed intervals | ||
| Limits/Price Banding | Successive 10%, 20%, and 30% price limits based on the average daily close of the cash index in the last month of the preceding quarter. Price limits are effective only for limit moves below the previous day's close. If trading in CBOT DJIA futures halt, options will also halt trading. | ||
| Minimum Fluctuation |
|
||
| Trading Hours | 8:30 a.m. to 3:15 p.m. Last Trading Day, Floor Traded Trading can occur up to 3:15 p.m. on the Thursday prior to expiration day 8:30 a.m. on expiration day. Serial options: Trading can occur up to 3:15 p.m. on third Friday of the contract month. | ||
| Listed | All listed series | ||
| Product Codes | Open Auction: DJC/DJP Electronic: OZD Clearing: 11 | ||
| Minimum Block Size | |||
| Product Calendar | Same as futures quarterly cycle (4 quarterly months in Mar, Jun, Sep, Dec cycle) plus 2 to 3 nearest months ("serial" months) such that at least four consecutive contract months are listed. View current product listings |
General News & Announcements for Equity
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
- Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
- Tools to Transfer Russell 2000 Open Interest to S&P SmallCap 600 or S&P MidCap 400 Contracts:
- Coming May 19: New EMD-ER2 Intercommodity Spread Tool
- Available now: SMC-ER2 Intercommodity Spread Tool
Reduced Fees on Spread-Traded E-mini Options
Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options:
ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options
ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options
Block trades for E-mini Russell 2000
CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.
- Equity Index Products Research Center
- Equity Index Choices resource center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
Contracts Currently Eligible
to Trade and Recently Expired Contracts
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| SEP08 | 11U08 | 10/11/2007 |  |
09/19/2008 | 09/19/2008 |
| OCT08 | 11V08 | 07/21/2008 | |
10/17/2008 | 10/17/2008 |
| NOV08 | 11X08 | 08/18/2008 | |
11/21/2008 | 11/21/2008 |
| DEC08 | 11Z08 | 12/27/2007 | |
12/19/2008 | 12/19/2008 |
| MAR09 | 11H09 | 03/20/2008 | |
03/20/2009 | 03/20/2009 |
| JUN09 | 11M09 | 06/23/2008 | |
06/19/2009 | 06/19/2009 |
General News & Announcements for Equity
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
- Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
- Tools to Transfer Russell 2000 Open Interest to S&P SmallCap 600 or S&P MidCap 400 Contracts:
- Coming May 19: New EMD-ER2 Intercommodity Spread Tool
- Available now: SMC-ER2 Intercommodity Spread Tool
Reduced Fees on Spread-Traded E-mini Options
Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options:
ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options
ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options
Block trades for E-mini Russell 2000
CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.
- Equity Index Products Research Center
- Equity Index Choices resource center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
Product Education
Publications
Contract Related
| Equity Price Limit Guide |
- Equity Index Products Research Center
- Equity Index Choices resource center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A