2-Year Treasury Note Wednesday Weekly Options - Contract Specs
| Contract Unit | 1 futures contract with face value at maturity of $200,000 |
|---|---|
| Minimum Price Fluctuation | Outright: 1/2 of 1/64th of a point (0.0078125) = $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: WT1,WT2,WT3,WT4,WT5 CME ClearPort: WT1,WT2,WT3,WT4,WT5 Clearing: WT1,WT2,WT3,WT4,WT5 |
| Listed Contracts | Weekly contracts listed for 2 consecutive weeks |
| Termination of Trading | Trading terminates on Wednesday 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-eighth 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 twenty (20) consecutive higher and the next twenty (20) 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 6:00 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 | Short-Term U.S. Treasury Note Futures (2-Year) |
