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Recent Open Auction
5 Year Interest Rate Swap Options
| Contract Size |
|
One CBOT 5-year Interest Rate Swap futures contract of a specified contract month. |
| Tick Size |
|
1/64 of a point ($15.625) rounded up to the nearest cent/contract. |
| Strike Price Interval |
| Trading shall be conducted for put and call options with striking prices in integral multiples of one (1) point per 5-Year Interest Rate Swap futures contract. If 5-Year Interest Rate Swap futures are at 92-00, strike prices may be set at 89, 90, 91, 92, 93, 94, 95, etc. |
| Daily Price Limits |
|
None |
| Contract Months |
| The first three consecutive contracts in the March-June-September-December quarterly cycle |
| Last Trading Day |
| The second London business day preceding the third Wednesday of the delivery month. Trading in expiring contracts close at 11:00 am, Eastern Time, on the last trading 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 services provider by 6:00 pm, Chicago time. Options that expire in-the-money are automatically exercised into a futures position, unless specific instructions are given to the Board of Trade clearing services provider. |
| Expiration |
|
Unexercised 5 Year Interest Rate Swap futures options shall expire at 7:00 p.m. Central Time on the last day of trading. |
| Trading Hours |
| Open Auction: 7:20 am to 2:00 pm, Central Time, Monday - Friday Electronic: 6:05 pm to 4:00 pm, Central Time, Sunday - Friday |
| Ticker Symbols |
| Open Auction: NGC for calls / NGP for puts Electronic: OSAC for calls / OSAP for puts |
| Margin Information |
| Find information on margins requirements for the 5 Year Interest Rate Swap Options. |
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