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2-Year Treasury Note Wednesday Weekly Options Contract Specs

Contract Unit One (1) Short-Term U.S. Treasury Note Future (TU).
Minimum Price Fluctuation One-half of 1/64th of a point ($15.625) rounded to the nearest cent/contract.For cabinet transactions only, admissible prices range from $1.00 to $15.00, in $1.00 increments per option contract. 
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: WT1,WT2,WT3,WT4,WT5
CME ClearPort: WT1,WT2,WT3,WT4,WT5
Open Outcry: WT1,WT2,WT3,WT4,WT5
Clearing: WT1,WT2,WT3,WT4,WT5
Listed Contracts Nearest 2 Weeklies
Termination Of Trading Week 1 - 1st Wednesday of the month
Week 2 - 2nd Wednesday of the month
Week 3 - 3rd Wednesday of the month
Week 4 - 4th Wednesday of the month
Week 5 - 5th Wednesday of the month
For a given Wednesday Weekly option contract, the last day of trading shall be the Wednesday on which such option is designated to expire. If such Wednesday is not a business day, then the last day of trading in such option shall be the first business day preceding such Wednesday. On its last day of trading, trading in such option shall terminate at 2:00 p.m. CT.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 21A
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-eighth 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 twenty (20) consecutive higher and the next twenty (20) 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 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 2-Year T-Note Futures

2-Year Note Yield Curve Analytics

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