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Dow Jones Futures and Options
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Dow Jones futures ($10) 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 when the trading floor is closed CME Clearing matches and settles all trades and guarantees counterparty creditworthiness.
Dow Jones Futures Contract Specifications
Dow Jones Futures ($10) |
|
| Opening Date | 10/6/1997 Changes to Dow Jones Index Futures Closing Ranges (June 1) |
| Ticker Symbol |
Open Outcry (Trading Floor)
DJ
11 (Clearing) CME Globex (Electronic Platform)
|
| Contract Size | $10 x DJIA ($10) futures price |
| Tick Size (minimum fluctuation) |
OUTRIGHT
1.00 index points=$10
|
| Trading Hours All time listed are Central Time |
Open Outcry (Trading Floor)
MON-FRI: 8:30 a.m. -3:15 p.m.
CME Globex (Electronic Platform)
MON-THURS: 3:30 p.m. -8:15 a.m.
(daily maintenance shutdown from 4:30 p.m. -5:00 p.m.) SUN: 5:00 p.m. -8:15 a.m. |
| Contract Months |
Open Outcry (Trading Floor)
Four months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
CME Globex (Electronic Platform)
Four Months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
|
| Last Trade Date/Time View Calendar |
Open Outcry (Trading Floor)
3:15 p.m. on Thursday prior to 3rd Friday of the contract month
CME Globex (Electronic Platform)
Trading can occur up to 8:15 a.m. on the 3rd Friday of the contract month
|
| Final Settlement Procedure | Cash Settlement. All open positions at close of last day of trading are settled in cash to the Special Opening Quotation (SOQ) on Friday a.m. of the Dow Jones Industrial Average Index. See SOQ FAQ. |
| Daily Price Limits | RTH: Successive 10%, 20%, 30% limits (downside only) ETH (overnight): 5% up or down View price limits details |
| Position Limits | The aggregate position limit in BIG Dow ($25) futures, E-mini Dow ($5) futures and options, and DJIA ($10) futures and options is 50,000 DJIA ($10) futures-equivalent contracts, net long or short in all contract months combined. |
| Rulebook Chapter | CBOT 26 |
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CBOT. |
Dow Jones Futures Options ($10) |
|
| Opening Date | 10/6/1997 |
| Ticker Symbol |
Open Outcry
DJC (calls) DJP (puts)
11= Clearing CME Globex(Electronic Platform)
|
| Contract Size | One DJIA ($10) futures contract |
| Strike Price Interval | All contract months: 100-point intervals and 50-point intervals |
| Tick Size (minimum fluctuation) |
OUTRIGHT
0.05 index points=$5.00
|
| Trading Hours All times listed are Central Time (CT) |
Open Outcry
MON-FRI: 8:30 a.m. -3:15 p.m.
CME Globex
MON-THURS: 3:30 p.m.-8:15 a.m.
(daily maintenance shutdown from 4:30 p.m.-5:00 p.m.) SUN: 5:00 p.m.-8:15 a.m. |
| Contract Months |
Open Outcry
Four months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
CME Globex
First three consecutive months (2 Serial Months, 1 Quarterly)
|
| Last Trade Date/Time View Calendar |
Open Outcry
3:15 p.m. Thursday prior to 3rd Friday of the contract month
SERIAL: 3:15 p.m. 3rd Friday of the contract month CME Globex
QUARTERLY: 8:15 a.m. 3rd Friday of the contract month
SERIAL: 3:15 p.m. 3rd Friday of the contract month |
| Strike Listing |
Open Ourcry
All strike intervals
CME Globex
Need to check with floor operations or clearing
|
| Exercise Procedure | American Style. |
| Expiration Date | An option can be exercised until 7:00 p.m. on any business day the option is traded. Unexercised in-the-money options will be automatically exercised at 7:00 p.m. on the day of determination of the Final Settlement Price. |
| 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. QUARTERLY OPTIONS are exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month. SERIALS are exercised into underlying cash-settled futures at their closing price on 3:15 p.m. on the 3rd Friday of the contract month. |
| Daily Price Limits | RTH: Successive 10%, 20%, 30% limits (downside only) ETH (overnight): 5% up or down View price limits details. |
| Position Limits | The aggregate position limit in BIG Dow ($25) futures, E-mini Dow ($5) futures and options, and DJIA ($10) futures and options is 50,000 DJIA ($10) futures-equivalent contracts, net long or short in all contract months combined. |
| Rulebook Chapter | CBOT 26A |
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CBOT. |
See Also: S & P 500 Futures
