Mid-Week Risk, Managed

9 Mar 2018
By CME Group
Topics: Interest Rates, FX, Equity Index

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+

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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.