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Eurodollar 1yr MC Options Contract Specs

    Expansion of Listing Schedule for Eurodollar Mid-Curve Options:

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Options
Minimum Price Fluctuation Quoted in IMM Index points.
 
One-half of one basis point (0.005 = $12.50) for all contract months.
 
Cabinet prices:  Any option may trade at a price of 0.0025 IMM Index points, whether or not such trade results in liquidation of positions for both parties to the trade.
 
Trading Hours CME Globex: Sunday - Friday : 5:00 p.m. – 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Open Outcry: MON - FRI: 7:20 a.m. - 2:00 p.m.
Product Code CME Globex: GE0
CME ClearPort: E0
Open Outcry: E0
Clearing: E0
Listed Contracts Nearest 4 March Quarterly months.
Nearest 4 Serial (non-March Quarterly) months.
Termination Of Trading The Friday immediately preceding the third Wednesday of the option expiration month.
Position Limits CME Position Limits
Exchange Rulebook CME Chapter 452A
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 intervals of 12.5 basis points (0.125 price points) in a range of 150 basis points above and 150 basis points below the strike price closest to the previous daily settlement price for the underlying futures contract.
Strike prices will be listed in intervals of 25 basis points (0.25 price points) in a range of 550 basis points above and 550 basis points below the strike price closest to the previous daily settlement price for the underlying futures contract.
Exercise Style Options are American Style and are exercised by notifying the Clearing House by 7:00 p.m. CT on the day of exercise. Unexercised options shall expire at 7:00 p.m. CT on the last trading day. In-the-money options that have not been exercised shall be automatically exercised following expiration in the absence of contrary instructions.
Settlement Method Deliverable
Underlying Eurodollar Futures