-
About
|
About CME Group Information and Resources - Careers|
-
Investor Relations
|
Investor Relations Financial ReportsShareholder Information - Media Room|
-
Feedback
|
- Global
- Electronic Trading |
-
Clearing
|
CME Derivatives Clearing Clearing ServicesFinancial and Collateral ManagementClearing OperationsBusiness Continuity Mgt/DR -
CME ClearPort
|
CME ClearPort - OTC Derivatives Clearing CME ClearPort - Market Data Services |
- Market Regulation |
- Education |
- Resources
Interest Rates Products
View an Interest Rate Product
30-Day Federal Funds Options
Type
| 30-Day Fed Funds Options | |||||
|---|---|---|---|---|---|
| Underlying Unit | One 30-Day Fed Funds futures contract of a specified delivery month. | ||||
| Tick Size (minimum fluctuation) |
One-quarter of one basis point (0.0025), or $10.4175 per contract. | ||||
| Strike Prices | Strike prices will be listed in increments of 6.25 basis points (0.0625) and 12.5 basis points (0.1250). The following strike prices in increments of 6.25 basis points will be listed: the at-the-money strike price closest to the current futures price plus the next ten consecutive higher and the next ten consecutive lower strike prices. Above and below this band, the following strike prices in increments of 12.5 basis points shall be listed: the next five (5) consecutive higher and the next five (5) consecutive lower strike prices. | ||||
| Contract Months | First 24 calendar months. | ||||
| Last Trading Day | Last business day of the delivery month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract. | ||||
| Exercise | 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. Options that expire in-the-money after the close on the last trading day shall be automatically exercised on the business day following the last trading day, unless specific instructions are given to CME Clearing by 6:00 p.m. | ||||
| Expiration | Unexercised options shall expire at 7:00 p.m. on the business day following the last trading day. | ||||
| Position Limits | Current Position Limits | ||||
| Block Minimum | Block Trading Minimums | ||||
| All or None Minimum | All or None Minimums | ||||
| Rulebook Chapter | CBOT Chapter 22A | ||||
| Trading Hours (All times listed are Central Time) |
OPEN OUTCRY | MON - FRI: 7:20 a.m. - 2:00 p.m. | |||
| CME GLOBEX | SUN - FRI: 5:00 p.m. - 4:00 p.m. | ||||
| Ticker Symbol | OPEN OUTCRY | Calls: FFC Puts: FFP. | |||
| CME GLOBEX | OZQ | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CBOT. | ||||
