A Short Memory Is A Trader's Best Friend
Time and Price Predictions - Cycles with Pivot Point Analysis
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Contract Size |
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One CBOT DJIA futures contract of a specified contract month. |
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Tick Size |
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Minimum price fluctuation is 0.05 point of option premium or 0.5 index points, which is equal to $5. |
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Premium Quotation |
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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. |
| Strike Price Intervals |
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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. |
| Contract Months |
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The first three consecutive contract months (two serial expirations and one quarterly expiration) plus the next four months in the quarterly cycle (Mar, Jun, Sep, Dec). Serials will exercise into the first nearby quarterly futures contract. Quarterlies will exercise into futures contracts of the same delivery period. |
| Expiration |
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Unexercised quarterly expirations of options on DJIA futures shall expire at 7:00 pm Chicago time on the business day following the last day of trading. Unexercised serial expirations of options on DJIA futures shall expire at 7:00 pm Chicago time on the last day of trading. |
| Exercise |
| American Style. The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Board of Trade clearing services provider by 6:00 pm, Chicago time. Options that expire in-the-money are automatically exercised into a futures position, unless specific instructions are given to the Board of Trade clearing services provider. |
| Last Trading Day |
| For quarterly expirations: The trading day immediately preceding the third Friday of the quarterly contract month. For serial expirations: The third Friday of the serial contract month. |
| Trading Hours |
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FLOOR TRADED: Monday - Friday, 8:30 am to 3:15 pm Central Time (CT) |
| Ticker Symbols |
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Open Auction: DJC for calls, DJP for puts |
| Daily Price Limit |
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Successive 10%, 20%, and 30% |
| Margin Information |
| Find information on margins requirements for the mini-sized DowSM Futures Options. |
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