Interest Rate Options on Futures

Interest Rate Options

View all IR Options

With 1.8 million contracts traded daily in 2020, and 140 expirations listed at a time across Treasuries and Eurodollars, Interest Rate options give you the liquidity and flexibility to manage risk efficiently across the entire U.S. dollar-denominated yield curve.

Globex Product Name Cleared As Volume Open Interest
GE Eurodollar Options Options 643,974 21,638,056
GE0 Eurodollar 1yr MC Options Options 278,803 5,592,380
GE2 Eurodollar 2yr MC Options Options 74,739 3,039,473
OZN 10-Year T-Note Options Options 833,109 2,110,362
GE3 Eurodollar 3yr MC Options Options 45,418 1,950,989
OZF 5-Year T-Note Options Options 260,219 1,006,640
OZB U.S. Treasury Bond Options Options 121,205 331,699
ZN4 10-Year T-Note Weekly Options - Week 4 Options 273,648 309,564
ZN1 10-Year T-Note Weekly Options - Week 1 Options 21,254 73,671
SR3 Options on Three-Month SOFR Futures Options 17,350 55,417
Trade Date: 21 Jan 2022 | FINAL
Globex Product Name Cleared As Volume Open Interest
OZN 10-Year T-Note Options Options 833,109 2,110,362
OZF 5-Year T-Note Options Options 260,219 1,006,640
OZB U.S. Treasury Bond Options Options 121,205 331,699
ZN4 10-Year T-Note Weekly Options - Week 4 Options 273,648 309,564
ZN1 10-Year T-Note Weekly Options - Week 1 Options 21,254 73,671
ZB4 U.S. Treasury Bond Weekly Options - Week 4 Options 25,665 37,264
ZF4 5-Year T-Note Weekly Options - Week 4 Options 11,202 32,128
OZT 2-Year T-Note Options Options 32 30,445
WY4 10-Year Treasury Note Wednesday Weekly Options - Week 4 Options 18,590 30,265
ZN2 10-Year T-Note Weekly Options - Week 2 Options 19,209 23,422
Trade Date: 21 Jan 2022 | FINAL
Globex Product Name Cleared As Volume Open Interest
GE Eurodollar Options Options 643,974 21,638,056
GE0 Eurodollar 1yr MC Options Options 278,803 5,592,380
GE2 Eurodollar 2yr MC Options Options 74,739 3,039,473
GE3 Eurodollar 3yr MC Options Options 45,418 1,950,989
SR3 Options on Three-Month SOFR Futures Options 17,350 55,417
GE4 Eurodollar 4yr MC Options Options 136 52,179
S0 One-Year Mid-Curve Options on Three-Month SOFR Futures Options 0 20,510
S2 Two-Year Mid-Curve Options on Three-Month SOFR Futures Options 0 1,000
TE3 Eurodollar 6-Month Mid-Curve Options Options 0 500
OZQ 30 Day Federal Funds Options Options 0 6
Trade Date: 21 Jan 2022 | FINAL

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Product Spotlight

SOFR Options

Three-Month SOFR options offer greater flexibility for managing SOFR price risk and exciting new spreading opportunities versus Eurodollar options.

Learn about SOFR Options

Term Mid-Curve Options

Three-, six-, and nine-month Mid-Curve options offer greater flexibility to trade short-dated 1-3 month options on white quarterly Eurodollar futures.

Learn about Eurodollar Term Mid-Curve Options

Weekly Treasury Options

Wednesday and Friday Weekly Treasury options give you more flexibility to manage existing positions and greater precision to trade economic events.

Learn about Wednesday and Friday Weekly Treasury options

Treasury Volatility Indexes (CVOL)

Derived from options on Treasury futures, the CME Group Volatility Index (CVOL) holistically captures constant 30-day implied volatility, producing a robust measure of forward-looking risk expectations for each tenor.

Learn about Treasury CVOL Indexes

Product Applications

    • Treasury Options for Fixed Income Asset Managers
    • Treasury Options for Fixed Income Asset Managers Fixed income asset managers have many strategic alternatives available to them including the use of spot, futures and option markets in their pursuit of investment value (or “alpha”) relative to market benchmarks.
    • Using CME Eurodollar Options in Curve Trading
    • Using CME Eurodollar Options in Curve Trading Curve trading is one of the best-kept-secrets in a trader’s arsenal. But one that has valuable applications in: directional trading, range trading, options trading and market-making
    • Using Weekly Options to Trade Economic Indicators
    • Using Weekly Options to Trade Economic Indicators CME Group offers weekly options expiring on Fridays on a variety of contracts including E-mini S&P 500 futures; 1-year, 2-year and 3-year Mid-Curve Eurodollar futures; and, 10-year Treasury note futures.

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