Interest Rate Options on Futures

Interest Rate Options

View all IR Options

With 2.3 million contracts traded daily in 2022, and 140 expirations listed at a time across Treasuries and SOFR, 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
SR3 Options on Three-Month SOFR Futures Options 1,384,328 32,006,161
S0 One-Year Mid-Curve Options on Three-Month SOFR Futures Options 522,181 4,466,543
S2 Two-Year Mid-Curve Options on Three-Month SOFR Futures Options 151,377 2,328,520
OZN 10-Year T-Note Options Options 372,892 2,045,646
OZF 5-Year T-Note Options Options 115,889 815,134
S3 Three-Year Mid-Curve Options on Three-Month SOFR Futures Options 26,240 706,354
OZB U.S. Treasury Bond Options Options 74,071 460,055
ZN1 10-Year T-Note Weekly Options - Week 1 Options 310,736 428,769
OZT 2-Year T-Note Options Options 26,551 222,231
ZN2 10-Year T-Note Weekly Options - Week 2 Options 186,042 217,714
Trade Date: 03 Oct 2024 | FINAL
Globex Product Name Cleared As Volume Open Interest
SR3 Options on Three-Month SOFR Futures Options 1,384,328 32,006,161
S0 One-Year Mid-Curve Options on Three-Month SOFR Futures Options 522,181 4,466,543
S2 Two-Year Mid-Curve Options on Three-Month SOFR Futures Options 151,377 2,328,520
OZN 10-Year T-Note Options Options 372,892 2,045,646
OZF 5-Year T-Note Options Options 115,889 815,134
S3 Three-Year Mid-Curve Options on Three-Month SOFR Futures Options 26,240 706,354
OZB U.S. Treasury Bond Options Options 74,071 460,055
ZN1 10-Year T-Note Weekly Options - Week 1 Options 310,736 428,769
OZT 2-Year T-Note Options Options 26,551 222,231
ZN2 10-Year T-Note Weekly Options - Week 2 Options 186,042 217,714
Trade Date: 03 Oct 2024 | FINAL
Globex Product Name Cleared As Volume Open Interest
SR3 Options on Three-Month SOFR Futures Options 1,384,328 32,006,161
S0 One-Year Mid-Curve Options on Three-Month SOFR Futures Options 522,181 4,466,543
S2 Two-Year Mid-Curve Options on Three-Month SOFR Futures Options 151,377 2,328,520
OZN 10-Year T-Note Options Options 372,892 2,045,646
OZF 5-Year T-Note Options Options 115,889 815,134
S3 Three-Year Mid-Curve Options on Three-Month SOFR Futures Options 26,240 706,354
OZB U.S. Treasury Bond Options Options 74,071 460,055
ZN1 10-Year T-Note Weekly Options - Week 1 Options 310,736 428,769
OZT 2-Year T-Note Options Options 26,551 222,231
ZN2 10-Year T-Note Weekly Options - Week 2 Options 186,042 217,714
Trade Date: 03 Oct 2024 | FINAL

Options Tools

Expiration Calendar

Open Interest Heatmap

Volatility Term Structure

Options Settlement

Most Active Strikes

(Daily) Weekly Options Report

QuikStrike

Open Interest Profile

Options Expirations

Trading Resources

Options Expiration Calendar

Block Trade Alerts

Block Trade Browser

Block Reference Guide

Committed Cross

CME Direct

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

3-, 6-, 9-Month SOFR Mid-Curve options

Three-, six-, and nine-month SOFR Mid-Curve options bring greater flexibility to the front of the SOFR curve by offering short-dated monthly options on white quarterly SOFR futures.

Learn about monthly Mid-Curves

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 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

CME Group is the world’s leading 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.

© 2024 CME Group Inc. All rights reserved.