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 252,230 22,885,777
SR3 Options on Three-Month SOFR Futures Options 369,204 5,303,607
GE0 Eurodollar 1yr MC Options Options 85,050 3,817,425
OZN 10-Year T-Note Options Options 591,887 1,657,783
GE2 Eurodollar 2yr MC Options Options 18,785 1,485,227
S0 One-Year Mid-Curve Options on Three-Month SOFR Futures Options 33,716 908,248
OZF 5-Year T-Note Options Options 147,843 724,054
GE3 Eurodollar 3yr MC Options Options 7,104 706,076
OZB U.S. Treasury Bond Options Options 101,909 375,684
ZN1 10-Year T-Note Weekly Options - Week 1 Options 148,077 194,139
Trade Date: 24 Jun 2022 | PRELIMINARY
Globex Product Name Cleared As Volume Open Interest
OZN 10-Year T-Note Options Options 591,887 1,657,783
OZF 5-Year T-Note Options Options 147,843 724,054
OZB U.S. Treasury Bond Options Options 101,909 375,684
ZN1 10-Year T-Note Weekly Options - Week 1 Options 148,077 194,139
ZN2 10-Year T-Note Weekly Options - Week 2 Options 47,526 70,693
ZF1 5-Year T-Note Weekly Options - Week 1 Options 19,058 39,876
ZB1 U.S. Treasury Bond Weekly Options - Week 1 Options 7,137 31,817
ZF2 5-Year T-Note Weekly Options - Week 2 Options 1,928 31,223
WY5 10-Year Treasury Note Wednesday Weekly Options - Week 5 Options 21,329 24,025
ZF3 5-Year T-Note Weekly Options - Week 3 Options 3,470 21,813
Trade Date: 24 Jun 2022 | PRELIMINARY
Globex Product Name Cleared As Volume Open Interest
GE Eurodollar Options Options 252,230 22,885,777
SR3 Options on Three-Month SOFR Futures Options 369,204 5,303,607
GE0 Eurodollar 1yr MC Options Options 85,050 3,817,425
GE2 Eurodollar 2yr MC Options Options 18,785 1,485,227
S0 One-Year Mid-Curve Options on Three-Month SOFR Futures Options 33,716 908,248
GE3 Eurodollar 3yr MC Options Options 7,104 706,076
S2 Two-Year Mid-Curve Options on Three-Month SOFR Futures Options 0 134,313
GE4 Eurodollar 4yr MC Options Options 15 44,553
S3 Three-Year Mid-Curve Options on Three-Month SOFR Futures Options 0 37,543
OZQ 30 Day Federal Funds Options Options 0 2
Trade Date: 24 Jun 2022 | PRELIMINARY

Stay Informed

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.

Contact Us

For more information about our Interest Rates products 

Email Us

Contact a Market Maker

Submit a request to receive applicable contact information for our market makers.

Register Now

Subscribe to Updates

Stay up-to-date with what is happeing in Interest Rates markets.

Interest Rate Emails

More in Interest Rates