ULTRA 10-YEAR U.S. TREASURY NOTE OPTIONS - CONTRACT SPECS

Options
Contract Unit 1 futures contract with face value at maturity of $100,000
Minimum Price Fluctuation 1/64 of one point (0.015625) = $15.625
Variable CAB at $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 - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT).  Monday - Thursday 5:00 p.m. - 6:00 p.m. ET (4:00 p.m. - 5:00 p.m. CT) daily maintenance period.
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
Open Outcry: Mon-Fri: 7:20 a.m. - 2:00 p.m. CT
Product Code CME Globex: OTN
CME ClearPort: TN
Open Outcry: OTN
Clearing: TN
Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 3 consecutive quarters and serial contracts listed for 3 months
Termination Of Trading Trading terminates on the last Friday, which precedes by at least two business days, the last business day of the month preceding the option contract month
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 26A
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike prices will be listed in increments of one-quarter of one point for the nearest monthly (serial or quarterly) expiration. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next sixty (60) consecutive higher and the next sixty (60) consecutive lower strike prices.  For all other months, 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 fifty consecutive higher and the next fifty consecutive lower strike prices.
Exercise Style American
Settlement Method Deliverable
Underlying 10-Year U.S. Treasury Note Futures

 

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