Traders turn to the precision of Wednesday expiring options to lay off risk and capture trading opportunities around mid-week economic events like FOMC meetings, CPI data releases and more.
Case Study
January CPI Release on February 14, 2018
- Wednesday Treasury options, launched in June 2017, saw 64,000 contracts trade on Tuesday, February 13, followed by a record 78,240 contracts on Wednesday.
- Wednesday FX options, launched October 30, 2017, saw a record 12,289 contracts ($1.5 billion notional) traded on Wednesday, accounting for over 11% of the day’s FX options volume.
- Wednesday S&P 500 options (Standard and E-mini), launched in September 2016, saw 121,396 contracts traded on Wednesday, +149% compared to 2017 average daily volume of 48,719.
The Growth of Wednesday Options
Trading Codes
| CME Globex | Bloomberg | Thomson Reuters | |
| Wednesday Treasury Options | |||
| 2-Year | WT1-5 | TUIA Comdty | WTW |
| 5-Year | WF1-5 | FVWA Comdty | WFW |
| 10-Year | WY1-5 | TYYA Comdty | WYW |
| Ultra 10-Year | WX1-5 | UXTA Comdty | WXW |
| T-Bond | WB1-5 | USYA Comdty | WBW |
| Ultra T-Bond | WU1-5 | WNYA Comdty | WUW |
| Wednesday FX Options | |||
| EUR/USD | WE1-WE5 | 0#1WEW+ | |
| GBP/USD | WG1-WG5 | 0#1WGW+ | |
| JPY/USD | WJ1-WJ5 | 0#1WJW+ | |
| CAD/USD | WD1-WD5 | 0#1WDW+ | |
| AUD/USD | WA1-WA5 | 0#1WASW+ | |
| Wednesday Equity Index Options | |||
| E-mini S&P 500 | E1C-E5A | IEWA Index | 0#ECW+ |
| Standard S&P 500 | S1C-S5C | SPWA Index | 0#SCW+ |
Learn More
Wednesday Treasury Options
Wednesday FX Options
Wednesday Equity Options
All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
