Minimum Price Fluctuation | 1/64th of a point ($15.625) | ||||
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: ZB1,ZB2,ZB3,ZB4,ZB5CME ClearPort: US1,US2,US3,US4,US5Open Outcry: US1,US2,US3,US4,US5Clearing: US1,US2,US3,US4,US5 | ||||
Termination Of Trading | Default: | Week 1 - 1st Friday of the month Week 2 - 2nd Friday of the month Week 3 - 3rd Friday of the month Week 4 - 4th Friday of the month Week 5 - 5th Friday of the month Unexercised options shall expire at 7:00 p.m. CT on the last trading day |
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Mid-Curve | A given Friday that is not also the last trading day of a monthly serial or quarterly Treasury option. If such a Friday is the last trading day of a monthly serial or quarterly Treasury option, there will be no Weekly Treasury option listed for trading for that expiration date. | ||||
Position Limits | CBOT Position Limits | ||||
Exchange Rulebook | CBOT 18A | ||||
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-half 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 forty (40) consecutive higher and the next forty (40) 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. 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 | U.S. Treasury Bond 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.
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