U.S. Treasury Bond
Futures and Options
U.S. Treasury Bond Weekly Options - Contract Specs
| Contract Unit | 1 futures contract with face value at maturity of $100,000 |
|---|---|
| Minimum Price Fluctuation | 1/64th of 1 point (0.015625) = $15.625 |
| 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: ZB1,ZB2,ZB3,ZB4,ZB5 CME ClearPort: US1,US2,US3,US4,US5 Clearing: US1,US2,US3,US4,US5 |
| Listed Contracts | Weekly contracts listed for 3 consecutive weeks |
| Termination of Trading | Trading terminates on Friday 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 for all weekly expirations. 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. |
| 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 on the last trading day are automatically exercised, unless specific instructions are given to CME Clearing. |
| Settlement Method | Deliverable |
| Underlying | U.S. Treasury Bond Futures |
