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 744,744 16,133,625
GE0 Eurodollar 1yr MC Options Options 1,500,896 6,905,713
GE2 Eurodollar 2yr MC Options Options 326,235 4,432,557
GE3 Eurodollar 3yr MC Options Options 206,095 3,193,429
OZN 10-Year T-Note Options Options 554,190 2,365,769
OZF 5-Year T-Note Options Options 119,076 886,469
OZB U.S. Treasury Bond Options Options 64,136 715,648
GE4 Eurodollar 4yr MC Options Options 17,376 349,288
ZN5 10-Year T-Note Weekly Options - Week 5 Options 107,535 153,523
ZF1 5-Year T-Note Weekly Options - Week 1 Options 18,235 31,229
Trade Date: 15 Oct 2021 | PRELIMINARY
Globex Product Name Cleared As Volume Open Interest
OZN 10-Year T-Note Options Options 554,190 2,365,769
OZF 5-Year T-Note Options Options 119,076 886,469
OZB U.S. Treasury Bond Options Options 64,136 715,648
ZN5 10-Year T-Note Weekly Options - Week 5 Options 107,535 153,523
ZF1 5-Year T-Note Weekly Options - Week 1 Options 18,235 31,229
ZN1 10-Year T-Note Weekly Options - Week 1 Options 12,414 19,131
WY3 10-Year Treasury Note Wednesday Weekly Options - Week 3 Options 4,525 14,561
ZF5 5-Year T-Note Weekly Options - Week 5 Options 8,047 12,032
ZB5 U.S. Treasury Bond Weekly Options - Week 5 Options 3,577 11,888
OZT 2-Year T-Note Options Options 284 9,183
Trade Date: 15 Oct 2021 | PRELIMINARY
Globex Product Name Cleared As Volume Open Interest
GE Eurodollar Options Options 744,744 16,133,625
GE0 Eurodollar 1yr MC Options Options 1,500,896 6,905,713
GE2 Eurodollar 2yr MC Options Options 326,235 4,432,557
GE3 Eurodollar 3yr MC Options Options 206,095 3,193,429
GE4 Eurodollar 4yr MC Options Options 17,376 349,288
SR3 Options on Three-Month SOFR Futures Options 0 2,891
E04 Eurodollar Option 1 Yr MC Week 4 Options 0 0
E05 Eurodollar Option 1 Yr MC Week 5 Options 0 0
TE4 Eurodollar 9-Month Mid-Curve Options Options 0 0
S01 Weekly One-Year Mid-Curve Options on Three-Month SOFR Futures - Week 1 Options 0 0
Trade Date: 15 Oct 2021 | PRELIMINARY

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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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