ULTRA U.S. TREASURY BOND OPTIONS - CONTRACT SPECS

Contract Unit	1 futures contract with face value at maturity of $100,000
Minimum Price Fluctuation	1/64 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:	SUN-FRI: 5:00 p.m. - 4:00 p.m. CT
	Open Outcry:	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: OUB CME ClearPort: UBE Open Outcry: OUL Clearing: UBE
Listed Contracts	Quarterly contracts listed for 3 consecutive quarters and serial contracts listed for 3 months
Termination Of Trading	Trading terminates on the Friday before the 2nd last business day of the month prior to contract month.
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 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 forty (40) consecutive higher and the next forty (40) consecutive lower strike prices. For all other months, strike prices will be listed in increments 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 thirty (30) consecutive higher and the next thirty (30) 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. Options that expire in-the-money after the close on the last trading day are automatically exercised, unless specific instructions are given to CME Clearing by 6:00 p.m.
Settlement Method	Deliverable
Underlying	Long-Term U.S. Treasury Bond 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
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 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	Long-Term U.S. Treasury Bond 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
	Open Outcry:	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: WU1,WU2,WU3,WU4,WU5 CME ClearPort: WU1,WU2,WU3,WU4,WU5 Open Outcry: WU1,WU2,WU3,WU4,WU5 Clearing: WU1,WU2,WU3,WU4,WU5
Listed Contracts	Weekly contracts listed for 2 conseutive weeks
Termination Of Trading	Trading terminates on Wednesday 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. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next sixty consecutive higher and the next sixty 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	Long-Term U.S. Treasury Bond Futures

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