Contract Unit | One (1) U.S. Treasury Bond Future (US). | ||||
Minimum Price Fluctuation |
1/64th of a point ($15.625 per contract), rounded to the nearest cent/contract. For cabinet transactions only, minimum tick sizes range from $1.00 to $15.00, in $1.00 increments per option contract. |
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Trading Hours | CME Globex: | Sunday - Wednesday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) | Open Outcry: | Mon - Fri: 7:20 a.m. - 2:00 p.m. CT | CME ClearPort: | Sunday - Wednesday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
Product Code | CME Globex: WB1,WB2,WB3,WB4,WB5CME ClearPort: WB1,WB2,WB3,WB4,WB5Open Outcry: WB1,WB2,WB3,WB4,WB5Clearing: WB1,WB2,WB3,WB4,WB5 | ||||
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. |
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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. 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. 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 | 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.