|Minimum Price Fluctuation
1/64 of a point ($15.625/contract), rounded to the nearest cent/contract. For cabinet transactions only, minimum tick sizes range from $1.00 to $15.00, in $1.00 increments per option contract.
||SUN-FRI: 5:00 p.m. - 4:00 p.m.
||MON - FRI: 7:20 a.m. - 2:00 p.m.
||CME Globex: OZNCME ClearPort: 21Open Outcry: Put: TP Call: TCClearing: 21
|| At least four consecutive contract months (three serial expirations and one quarterly expiration) plus the next two months in the March, June, September, and December quarterly cycle. Serials will exercise into the first nearby quarterly futures contract. Quarterlies will exercise into futures contracts of the same delivery period.
|Termination Of Trading
||The last Friday which precedes by at least two business days the last business day of the month preceding the option month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract.
||Unexercised options shall expire at 7:00 p.m. on the last trading day.
||CBOT Position Limits
||Block Minimum Thresholds
|Price Limit Or Circuit
||Quote Vendor Symbols Listing
|Strike Price Listing Procedures
||Strike prices will be listed in increments of one-quarter of one point for the nearest monthly (serial or quarterly) expiration. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next one hundred (100) consecutive higher and the next one hundred (100) consecutive lower strike prices. For all other months, Strike prices will be listed in increments of one-half of one point. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next fifty consecutive higher and the next fifty consecutive lower strike prices.
||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 are automatically exercised, unless specific instructions are given to CME Clearing by 6:00 p.m.
||10-Year T-Note Futures