CME Group DJIA
| Dow Jones Industrial Average futures and options | ||
|---|---|---|
| DJIA ($10) FUTURES | DJIA ($10) OPTIONS | |
| Ticker Symbols | Electronic: ZD
Open outcry: DJ" |
Electronic: OZDC for calls, OZDP for puts
Open outcry: DJC for calls, DJP for puts |
| Contract Size | $10 x Dow Jones Industrial Average | One DJIA ($10) futures contract of a specified contract month |
| Settlement/Expiration | Cash settlement to the Special Opening Quotation of the index
on Final Settlement Day, which is generally the third Friday of the contract month |
Quarterly options: In-the-money options ar e exercised
into expiring cash-settled futures, which settle to the SOQ calculated the morning of the third Friday of the contract month Serial options: In-the-money options are exercised into futures at their strike prices at 3:15 p.m. on the third Friday of the contract month |
| Minimum Price Flucuation | 1 index point = $10 | Minimum price fluctuation is 0.05 point of option
premium or 0.5 index points, which is equal to $5 |
| Venue | CME Globex, Open outcry | |
| Trading Hours
All times listed in Central Time (CT) |
CME Globex: Monday – Friday: 5:00 p.m. previous day –
4:15 p.m. CT, trading halt from 8:15 a.m. – 3:30 p.m. Open outcry: Monday – Friday: 8:30 a.m. – 3:15 p.m." |
CME Globex: Monday – Friday: 5:00 p.m. previous day –
4:15 p.m. CT, trading halt from 8:15 a.m. – 3:30 p.m. Open outcry: Monday – Friday: 8:30 a.m. – 3:15 p.m." |
| Contract Months | Four months in the March Quarterly cycle listed at all times | CME Globex: First three consecutive months (two serial
months, one quarterly) plus the next three contracts in the March Quarterly Cycle Open outcry: Four months in the March Quarterly cycle |
| Last Trading Day | Open outcry: Trading can occur up to 3:15 p.m. CT on the day
prior to third Friday of the contract month Electronically traded: Trading can occur up to 8:15 a.m. CT on the third Friday of the contract month |
Electronically traded, quarterly: Trading can occur up to
8:15 a.m. CT on the third Friday of the contract month Open outcry, quarterly: Trading can occur up to 3:15 p.m. CT on the day prior to third Friday of the contract month Electronically traded, serial: Trading can occur up to 3:15 p.m. CT on the third Friday of the contract month |
| Daily Price Limits | Successive 10%, 20% and 30% downside limits from 8:30 a.m. to 3:00 p.m. CT (MON-FRI); 5% up-and-down limits from 5:00 p.m.
to 8:30 a.m. (SUN-THURS) and 3:00 p.m. to 4:15 p.m. (MON-FRI). For details, please visit cmegroup.com/eqpricelimits | |
| Position Limits | Aggregate position limit in Big Dow futures ($25 multiplier), E-mini futures and options ($5 multiplier) and DJIA futures and options
($10 multiplier) is 50,000 DJIA futures ($10 multiplier) equivalent contracts, net long or net short in all contract months combined | |
| Exchange Rules | These contracts are listed with and subject to the rules and regulations of CBOT | |
Notes[edit]
- 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[edit]
CME Group stock index products