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5-Year Eurodollar Bundle Options Contract Specs

Options
Minimum Price Fluctuation One quarter of one interest rate basis point = 0.0025 IMM Index points = $125 per contract
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
Open Outcry: Monday - Friday: 7:20 a.m. - 2:00 p.m. CT
CME ClearPort: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
Product Code CME Globex: BU5
CME ClearPort: BU5
Open Outcry: BE5
Clearing: BU5
Listed Contracts 2 nearest Quarterly (Mar, Jun, Sep, Dec) expiry months and 2 nearest Serial (non-March Quarterly) expiry months.
Termination Of Trading Friday preceding 3rd Wednesday of Option Expiry Month
Position Limits None
Exchange Rulebook CME Chapter 456A
Block Minimum Block Trading Minimums
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Exercise prices will be listed in intervals of 25 basis points (0.25 IMM Index Pts) in a range of 550 basis points (5.5 IMM Index Pts) above and 550 basis points (5.5 IMM Index Pts) below the exercise price closest to the previous day's underlying futures settle price, and in intervals of 12.5 basis points (0.125 IMM Index Pts) in a range of 150 basis points (1.5 IMM Index Pts) above and 150 basis points (1.5 IMM Index Pts) below the exercise price closest to the previous day's underlying futures settle price.
Exercise Style Options are American Style and are exercised by notifying CME Clearing by 7:00 p.m. CT on day of exercise. Unexercised options shall expire at 7:00 p.m. CT on Last Trading Day. In-the-money options that have not been exercised shall be automatically exercised following expiration in the absence of contrary instructions.
Settlement Method Deliverable
Underlying 5-Year Eurodollar Bundle Futures