10-YEAR T-NOTE WEEKLY OPTIONS - CONTRACT SPECS

Options
Contract Unit 1 futures contract with face value at maturity of $100,000
Minimum Price Fluctuation Outright: 1/64th of 1 point (0.015625) = $15.625
CAB $1.00 increments from $1.00 - $15.00
Price Quotation Points and fractions of points with par on the basis of 100 points
Trading Hours CME Globex: Sunday 5:00 p.m. - Friday - 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.
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: ZN1,ZN2,ZN3,ZN4,ZN5
CME ClearPort: TY1,TY2,TY3,TY4,TY5
Open Outcry: TY1,TY2,TY3,TY4,TY5
Clearing: TY1,TY2,TY3,TY4,TY5
Listed Contracts Weekly contracts listed for 3 consecutive weeks
Termination Of Trading Trading terminates on Friday of the contract week.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 19A
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 one-quarter of one point for all weekly expirations. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next fifty (50) consecutive higher and the next fifty (50) 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 5:30 p.m., CT. Options that expire in-the-money on the last trading day are automatically exercised, unless specific instructions are given to CME Clearing.
Settlement Method Deliverable
Underlying Long-Term U.S. Treasury Note Futures

 

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