CME Group Ultra U.S. Treasury Bond

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Ultra U.S. Treasury Bond futures
Exchange CME Group
Settlement Physically delivered
Contract Size One U.S. Treasury bond having a face value at maturity of $100,000, the underlying treasury bonds should have remaining term to maturity of not less than 25 years from the first day of the futures contract delivery month.
Pricing Unit Points ($1,000 per contract) and 32nds of one point ($31.25 per contract).
Tick Value One 32nd of one point ($31.25 per contract), except for intermonth spreads for which the minimum price increment is one quarter (1/4)of one thirty-second of one point ($7.8125)
Contract Months The first three consecutive contracts in the March, June, September, and December quarterly cycle.
Last Trading Day Seventh business day preceding the last business day of the delivery month. Trading in expiring contracts closes at 12:01 p.m. on the last trading day.
  Open Outcry Electronic
Trading Hours N/A SUN-FRI: 5:00 p.m. - 4:00 p.m. Chicago Time
Ticker Symbol N/A UB; Clearing code: UBE
Price Limits N/A N/A
 
Ultra U.S. Treasury Bond options
Trade Unit One Ultra Treasury Bond futures contract of a specified delivery month.
Point Value Need point value!
Tick Value 1/64 of a point ($15.625/contract), rounded up to the nearest cent/contract. For cabinet transactions only, minimum tick sizes range from $1.00 to $15.00, in $1.00 increments per option contract.
Option Months The first four consecutive contract months (three serial expirations and one quarterly expiration) plus the next two months in the March, June, September, and December quarterly cycle. Serials will exercise into the first nearby quarterly futures contract. Quarterlies will exercise into futures contracts of the same delivery period.
Strike Prices 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 consecutive higher and the next thirty consecutive lower strike prices.
Exercise Style American-style
  Open Outcry Electronic
Trading Hours MON - FRI: 7:20 a.m. - 2:00 p.m. Chicago Time SUN-FRI: 5:00 p.m. - 4:00 p.m. Chicago Time
Ticker Symbol OUL OUB
Price Limits N/A N/A

Also See

Ultra U.S. Treasury Bond Futures Contract Specs
CME Group interest rate products
US Treasury futures