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Eurodollar Options Contract Specs

    Expansion of Listing Schedule for Eurodollar Mid-Curve Options:

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Options
Minimum Price Fluctuation Quarterly and Serial Quoted in IMM Index points.
 
One-quarter of one basis point (0.0025 IMM Index point = $6.25) for option whose underlying futures contract is the nearest expiring futures contract month.
 
One-quarter of one basis point (0.0025 = $6.25) when option premium is no greater than five ticks and option contract month is any of nearest 2 March Quarterly months or nearest 4 Serial months.
 
One-half of one basis point (0.005 = $12.50) for all other contract months.
 
Cabinet prices:  Any option may trade at a price of 0.0025 IMM Index points, whether or not such trade results in liquidation of positions for both parties to the trade.
Note The minimum fluctuation shall be .005 IMM Index point ($12.50, also known as one-half tick). Trades may also occur at a price of .0025 IMM Index point ($6.25, also known as one-quarter tick), whether or not such trades result in the liquidation of positions for both parties to the trade.
Trading Hours CME Globex: SUN-FRI: 5:00 p.m. - 4:00 p.m.
Open Outcry: MON - FRI: 7:20 a.m. - 2:00 p.m.
Product Code CME Globex: GE
CME ClearPort: ED
Open Outcry: Put: PE Call: CE
Clearing: ED
Listed Contracts Serial Nearest 4 Serial (non-March Quarterly) months
Quarterly Nearest 16 March Quarterly months
Termination Of Trading Serial The Friday immediately preceding the third Wednesday of the contract month.
Quarterly The second London bank business day before the third Wednesday of the contract month. Trading in expiring contracts ceases at 11:00 a.m. London Time on the last trading day.
Position Limits CME Position Limits
Exchange Rulebook CME 452A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike prices will be listed in intervals of 12.5 basis points (0.125) in a range of 150 basis points above and 150 basis points below the strike closest to the previous day's underlying futures settle price. Strike prices will be listed in intervals of 25 basis points (0.25) in a range of 550 basis points above and 550 basis points below the strike closest to the previous day's underlying futures settle price.
Exercise Style Options are American Style and are exercised by notifying the Clearing House by 7:00 p.m. CT on the day of exercise. Unexercised options shall expire at 7:00 p.m. CT on the 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 Eurodollar Futures