| Contract Size |
One
CBOT 30-Year U.S. Treasury Bond futures contract (of a specified delivery month). |
| Expiration |
Unexercised 30 Year US Treasury
Bond futures options shall expire at 7:00 p.m. Chicago Time on the last day of trading |
| Tick Size |
1/2
of 1/64 of a point ($7.8125/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 on the last Friday which precedes by at least two business days, the last business day of the month preceding
the option month. Options cease trading at the close of the regular daytime open auction trading session for the corresponding
30-Year Treasury Bond futures contract. |
| Trading Hours |
Open Auction: 7:20 am - 2:00 pm, Chicago Time, Monday - Friday
Electronic: 5:30
p.m. - 4:00 p.m. Chicago Time, Sunday - Friday |
| Ticker
Symbols |
Open Auction: CG for calls, PG for puts
Electronic:
OZBC for calls, OZBP for puts. |
| 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. If 30-Year T-bond futures are at 92-100, strike prices may be set
at 89, 90, 91, 92, 93, 94, 95, etc. |
| 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. Chicago 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. |
