QQQ Expiration.

Discussion in 'Trading' started by DTK, Dec 18, 2002.

  1. DTK


    Does anyone know when QQQ's expire. Is it Thursday's close (since the NDX is a narrow based index) or is it Friday since it's a stock?

    Thanks. Never held options till the end and was just curious.
  2. bobcathy1

    bobcathy1 Guest

    Friday at 8:30 AM all the options and futures expire.
  3. Sanity


    do you mean the options on the Qs? the actual QQQ stock never expires.
  4. I believe you may be mistaken.

    QQQ equity options cease trading @ 3:15 P.M CT on expiration Friday. Technically, they expire @ 11:59 P.M. Chicago time on Saturday night after Friday's close of trading.

    NDX and MNX Index options cease trading @ 3:15 P.M CT on the last business day prior to expiration Friday (usually a Thursday).

    The settlement value for the NDX is a volume weighted-average for each component of the index during the first five minutes of trading after market open on Friday. This value is given by the NDS. The settlement value for the MNX options is 1/10th the value of the NDS. There are some other elements should a security not open, but I am sure you get the general picture.

    Metooxx, do you concur with this interpretation?
  5. DTK



  6. DTK


    That's what I was looking for.
    Thanks hr375. :D

  7. bobcathy1

    bobcathy1 Guest

    CME mini futures expire fri at 9:30
    Dow mini same time on thurs.