30 Year US Treasury Bonds Options Contract Specs.
RETURN TO MAIN CONTRACT PAGE
| Contract Size | One CBOT U.S. Treasury Bond futures contract (of a specified delivery month) having a face value at maturity of $100,000 or multiple thereof. |
| Expiration | Unexercised 30 Year US Treasury Bond futures options shall expire at 7:00 p.m. Standard Time on the last day of trading |
| Tick Size | 1/64 of a point ($15.625/contract) rounded up to the nearest cent/contract. |
| Contract Months | The first three consecutive contract months (two serial expirations and one quarterly expiration) plus the next two months in the quarterly cycle (Mar, Jun, Sep, Dec). There will always be five months available for trading. Monthlies will exercise into the first nearby quarterly futures contract. Quarterlies will exercise into futures contracts of the same delivery period. |
| Last Trading Day | Options cease trading in the month prior to the delivery month of the underlying futures contract. Options cease trading at the same time as the underlying futures contract on the last Friday preceding by at least two business days the last business day of the month preceding the option contract month. |
| Trading Hours | Open Auction: 7:20 am - 2:00 pm, Standard Time, Monday - Friday Electronic: 6:02 p.m. - 4:00 p.m. Standard Time, Sunday - Friday Trading in expiring contracts closes at the same time as the underlying futures contract (2:00 pm, Standard Time) on the last trading day. |
| Ticker Symbols | Open Auction: CG for calls, PG for puts Electronic: OZB |
| Daily Price Limit | None |
| Strike Price Intervals | Trading shall be conducted for put and call options with striking prices in integral multiples of one (1) point per U.S. Treasury Bond futures contract as follows: At the commencement of trading for such option contracts, the following striking prices shall be listed: one with a striking price closest to the U.S. Treasury Bond futures contract's previous day's settlement price, the next thirty consecutive higher and lower striking prices closest to the previous day's settlement price, and all striking prices listed for all other option contract months listed at the time. Over time, new striking prices will be added to ensure that at least thirty striking prices always exist above and below the previous day's trading range in the underlying futures. All new strike prices will be added prior to the opening of trading on the following business day. |
| Exercise | The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Board of Trade clearing service provider by 6:00 p.m. Standard Time. Options that expire in-the-money are automatically exercised into a position, unless specific instructions are given to the Board of Trade clearing service provider. |
| Margin Information | Find information on margins requirements for the 30 Year U.S. Treasury Bond Options. |