Ultra U.S. Treasury Bond
Futures and Options
Ultra U.S. Treasury Bond Monday Weekly Options - Contract Specs
| Contract Unit | 1 futures contract with face value at maturity of $100,000 |
|---|---|
| Minimum Price Fluctuation | Outright: 1/64th of a 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: VU1,VU2,VU3,VU4,VU5 CME ClearPort: VU1,VU2,VU3,VU4,VU5 Clearing: VU1,VU2,VU3,VU4,VU5 |
| Listed Contracts | Weekly contracts listed for 2 consecutive weeks |
| Termination of Trading | Trading terminates on Monday of the contract week |
| 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. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next sixty consecutive higher and the next sixty 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. Following termination of trading, options that expire in-the-money are automatically exercised into underlying futures, with no allowance for contrary instruction. Automatic exercise is determined in relation to the daily settlement price of the option's underlying futures contract. |
| Settlement Method | Deliverable |
| Underlying | Ultra U.S. Treasury Bond Futures |
