Ultra U.S. Treasury Bond

Futures and Options
Globex Code
UBH5
Last
117'16
Change
-0'12 (-0.32%)
Volume
15,318
Last Updated20 Jan 2025 03:02:33 AM CT.
Market data is delayed by at least 10 minutes

Ultra U.S. Treasury Bond Options - Contract Specs

Contract Unit
1 futures contract with face value at maturity of $100,000
Minimum Price Fluctuation
CME Globex:
1/64 of one point (0.015625) = $15.625
CAB: $7.00
CME ClearPort:
1/64 of one point (0.015625) = $15.625
CAB: $1.00 increments from $1.00 - $15.00
Price Quotation
Points and fractions of points with par on the basis of 100 points
Trading Hours
CME Globex:
Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. - 5:00 p.m. CT
CME ClearPort:
Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT
Product Code
CME Globex: OUB
CME ClearPort: UBE
Open Outcry: OUL
Clearing: UBE
Listed Contracts
Quarterly contracts listed for 3 consecutive quarters and serial contracts listed for 3 months
Termination of Trading
Trading terminates on the Friday before the 2nd last business day of the month prior to contract month.
Position Limits
Exchange Rulebook
Block Minimum
Price Limit or Circuit
Vendor Codes
Strike Prices Strike Price Interval
Strike prices will be listed in increments of one-half of one point for the nearest monthly (serial or quarterly) expiration. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next forty (40) consecutive higher and the next forty (40) consecutive lower strike prices.  For all other months,  strike prices will be listed in increments of one point. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next thirty (30) consecutive higher and the next thirty (30) consecutive lower strike prices.
Exercise Style
American-style. The buyer of an option may exercise the option on any business day prior to expiration by giving notice to CME Clearing by 5:30 p.m., CT. Options that expire in-the-money after the close on the last trading day are automatically exercised, unless specific instructions are given to CME Clearing by 5:30 p.m., CT.
Settlement Method
Deliverable
Underlying
Ultra U.S. Treasury Bond Futures

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