Nasdaq-100® Index Options. NDX AM-Settled Monthlies. PM-Settled WeekliesNDXP. NQX Reduced-Value Options.
Nasdaq-100® Index Options
SYMBOL: NDX
Add performance to your portfolio with NASDAQ-100® Index
Options (NDX), now available for trading on Nasdaq PHLX,
Nasdaq ISE and Nasdaq GEMX.
Nasdaq-100® Index Options
SYMBOL: NDX
Underlying
The NASDAQ-100® Index is a modified market capitalizationweighted index
composed of securities issued by 100 of the largest non-financial companies
listed on the Nasdaq Stock Market.
The value of the Index equals the aggregate value of the Index share weights,
also known as the Index Shares, of each of the Index Securities multiplied
by each such security’s Last Sale Price on Nasdaq (which may be the Nasdaq
Official Closing Price), and divided by the divisor of the Index. If trading in an
Index Security is halted on its primary listing market, the most recent Last Sale
Price for that security is used for all index computations until trading on such
market resumes. Likewise, the most recent Last Sale Price is used if trading in
a security is halted on Nasdaq before the market is open. Nasdaq calculates
and disseminates the NASDAQ-100® Index once per second from 09:30:01
to 17:16:00 ET. The closing value of the Index may change up until 17:15:00
ET due to corrections to the Last Sale Price of the Index Securities. The Index
began on January 31, 1985 at a base value of 125.00, as adjusted.
For more information on the NASDAQ-100 Index,
http://business.nasdaq.com/nasdaq-100.
Settlement Value
Settlement Value Symbol: XQO
Cash settlement - equal to the difference between the final settlement value
and the strike price of the contract, multiplied by $100. Exercise will result in
delivery of cash on the business day following expiration.
The NDX final settlement value, XQO, is calculated at the open of trading on the
expiration date (usually a Friday) based on the Nasdaq Official Opening Price
(NOOP) that day for each of the component securities. In the event a component
security in the NASDAQ-100® Index does not have a NOOP, the last sale price of
that security on NASDAQ will be used to calculate the XQO settlement value.