10-YEAR TREASURY NOTE WEDNESDAY 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. CT
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: WY1,WY2,WY3,WY4,WY5
CME ClearPort: WY1,WY2,WY3,WY4,WY5
Open Outcry: WY1,WY2,WY3,WY4,WY5
Clearing: WY1,WY2,WY3,WY4,WY5
Listed Contracts Weekly contracts listed for 2 consecutive weeks
Termination Of Trading Trading terminates on Wednesday 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. 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.  Following termination of trading, options that expire in?the?money are automatically exercised into underlying futures, with no allowance for contrary instruction.  Automatic exercise is determined in relation to the daily settlement price of the option’s underlying futures contract.
Settlement Method Deliverable
Underlying Long-Term U.S. Treasury Note Futures

 

Gain an in-depth view into world's most secure and liquid government debt market.

  • View futures vs. cash yields
  • Track Treasury auctions back to 1980
  • View past and projected coupon issuance by tenor
  • Chart the Fed's balance sheet composition
  • View and analyze economic reports

Get started

Welcome to U.S. Treasury Futures

Whether you are a new trader looking to get started in futures, or an experienced trader looking for a more efficient way to trade the U.S. government bond market, look no further than U.S. Treasury futures.

Discover Treasury futures

Want to trade this product? 

Find a broker