|Minimum Price Fluctuation||One-quarter of one basis point (0.0025), or $10.4175 per contract.|
|Trading Hours||CME Globex:||SUN - FRI: 5:00 p.m. - 4:00 p.m.||Open Outcry:||MON - FRI: 7:20 a.m. - 2:00 p.m.||CME ClearPort:||Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT|
|Product Code||CME Globex: ZQ6CME ClearPort: FF6Open Outcry: FF6Clearing: FF6|
|Listed Contracts||First 3 calendar months.|
|Termination Of Trading||Default:||Unexercised options shall expire at 7:00 p.m., CT, on their last trading day.
Last business day of the delivery month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract.
|Position Limits||CBOT Position Limits|
|Exchange Rulebook||CBOT Chapter 22A|
|Block Minimum||Block Minimum Thresholds|
|Price Limit Or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
|Strike Price Listing Procedures||Strike prices will be listed in increments of 6.25 basis points (0.0625) and 12.5 basis points (0.1250). The following strike prices in increments of 6.25 basis points will be listed: the at-the-money strike price closest to the current futures price plus the next ten consecutive higher and the next ten consecutive lower strike prices. Above and below this band, the following strike prices in increments of 12.5 basis points shall be listed: the next five (5) consecutive higher and the next five (5) consecutive lower strike prices.|
|Exercise Style||American-style. The buyer of an option may exercise the option on any business day prior to expiration by giving notice to CME Clearing by 6:00 p.m., CT. Following the termination of trading of an option, no contrary option exercise instructions are permitted. All in-the-money options shall be automatically exercised and all out-of-the-money options shall be abandoned by CME Clearing on the day of expiration for the option. At-the-money options will be considered out-of-the-money.|
|Underlying||30 Day Federal Funds Futures|
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