EURODOLLAR 1YR MC OPTIONS - CONTRACT SPECS

Options
Contract Unit 1 Three-Month Eurodollar Futures contract
Minimum Price Fluctuation 1/2 of 1 basis point (0.005) = $12.50
 
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.
Price Quotation U.S. dollars and cents per IMM index point
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 Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters and serial contracts listed for 4 months.
Termination Of Trading Trading terminates on Friday prior to the 3rd Wednesday of the contract 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 6.25 basis points (0.0625 price points) for the first150 basis points around the At The Money (ATM) for the first 4 serial and 2 quarterly months.
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 5:30 p.m. CT on the day of exercise. Unexercised options shall expire at 5:30 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 Three-Month Eurodollar Futures

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