10 Year T-Note Options Specifications

Trade Financials

10 Year T-Note Options Specifications

10 YEAR T-NOTE

Options Contract Specifications

The 10 Year T-Note futures contract specifications tell you how the 10 Year T-Note futures options trade, not how to trade 10 Year T-Note futures options. Before you consider opening a futures account, you should consult with a licensed futures broker.

Contract Size
One CBOT 10-Year U.S. Treasury Note futures contract (of a specified delivery month) having a face value at maturity of $100,000 or multiple thereof.
Expiration
Unexercised 10 Year Treasury Note futures options shall expire at 7:00 p.m. Central 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 four months in the quarterly cycle (Mar, Jun, Sep, Dec). There will always be seven months available for trading. Serials 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 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. Options cease trading at the close of the regular daytime open auction trading session for the corresponding 10-Year Treasury Note futures contract.
Trading Hours
Open Auction: 7:20 am - 2:00 pm, Central Time, Monday - Friday
Electronic: 5:30 pm - 4:00 pm, Central Time, Sunday - Friday
Ticker Symbols
Open Auction: TC for calls, TP for puts
Electronic: OZN for calls, OZNP for puts
Daily Price Limit
None
Strike Price Intervals
Strike prices will be listed in integral multiples of one-half of one point ($500 per contract) to bracket the settlement price of the underlying 10-Year U.S. Treasury Note futures contract. Strike prices will included the at-the-money strike price plus the next 50 consecutive higher and the next 50 consecutive lower strike prices.
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 pm, Central 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.

Click here to contact a commodities broker with experience in the 10 YR T-Note market.

Commodity trading is not suitable for everyone. The risk of loss in trading can be substantial. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Carefully consider the inherent risks of such an investment in light of your financial condition. Past results are not necessarily indicative of future results. Please do your own research before investing in the futures market. This site contains no investment recommendations. The information and opinions contained herein comes from sources believed to be reliable, but are not guaranteed as to accuracy or completeness.

[Trade Metal Futures] [Trade Meat Futures] [Trade Energy Futures][Trade Grain Futures][Trade Softs Futures] [Privacy Agreement] [Risk Disclosure] [Site Map]