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.

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