• Clarification regarding Wednesday Weekly Options on Treasury Futures

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 17-233
      • Notice Date
      • 21 June 2017
      • Effective Date
      • 21 June 2017
    • This is to clarify that Wednesday Weekly options on CBOT Treasury Note and Bond futures have the same behavior at expiration as was recently applied to options on CME FX futures, namely, that at expiration, if the underlying futures settlement price exactly matches an expiring option strike price, then the call option of that call/put pair shall be exercised and the corresponding put option shall be abandoned. Note also that contrary instructions are not allowed at expiration for these Wednesday Weekly options.

      For the full text of the advisory, click her

      17-233