Contract Unit 1 futures contract with face value at maturity of $100,000
Minimum Price Fluctuation 1/64th of 1 point (0.015625) = $15.625
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
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: UB1,UB2,UB3,UB4,UB5
CME ClearPort: UL1,UL2,UL3,UL4,UL5
Open Outcry: UL1,UL2,UL3,UL4,UL5
Clearing: UL1,UL2,UL3,UL4,UL5
Listed Contracts Weekly contracts listed for 3 consecutive weeks. No weekly contract listed the same week as the quarterly or serial option expiration.
Termination Of Trading Trading terminates on Friday of the contract week.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 40A
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 5:30 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 Long-Term U.S. Treasury Bond Futures


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