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

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

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 in $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 5:00 p.m. – 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 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
	Open Outcry:	Mon - Fri: 7:20 a.m. - 2:00 p.m. CT
Product Code	CME Globex: TN1,TN2,TN3,TN4,TN5 CME ClearPort: TN1,TN2,TN3,TN4,TN5 Open Outcry: TN1,TN2,TN3,TN4,TN5 Clearing: TN1,TN2,TN3,TN4,TN5
Listed Contracts	Weekly contracts listed for 3 consecutive weeks
Termination Of Trading	Trading terminates on Friday of the contract week
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 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 sixty (60) consecutive higher and the next sixty (60) consecutive lower strike prices.
Exercise Style	American
Settlement Method	Deliverable
Underlying	10-Year U.S. Treasury Note Futures

Contract Unit	1 futures contract with face value at maturity of $100,000
Minimum Price Fluctuation	1/64th of a point (0.015625) = $15.625 Variable CAB in $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
	Default:	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: WX1,WX2,WX3,WX4,WX5 CME ClearPort: WX1,WX2,WX3,WX4,WX5 Open Outcry: WX1,WX2,WX3,WX4,WX5 Clearing: WX1,WX2,WX3,WX4,WX5
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 26A
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 sixty (60) consecutive higher and the next sixty (60) 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	10-Year U.S. Treasury Note Futures

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