Globex Euro-Dollar Futures Options in IB

[Janed]

Why are there two different Expirys for one month?

For example MAR 14 '08 and MAR 17 '08. The MAR 14 one looks like it has more bids.

 

[FullyArticulate]

These are most likely mid-curve options. IB lists them as GE1, GE3, etc.

 

[Janed]

Quote from FullyArticulate:

These are most likely mid-curve options. IB lists them as GE1, GE3, etc.

Yes, I noticed the MAR 14 one displays under GE0, but may I ask what is a mid-curve option?

 

[FullyArticulate]

They are short term options on the red, green, and gold contracts.

So, you could buy a June '08 red mid-curve call. While the option expires in June '08, the futures contract it uses as an underlying is the June '09. IB's symbol for these is GE0, I think.

This is a great source of information on these mid-curves:
http://chicagomercantileexchange.net/files/3DEurodollarTrades.pdf

 

[Janed]

Quote from FullyArticulate:


This is a great source of information on these mid-curves:
http://chicagomercantileexchange.net/files/3DEurodollarTrades.pdf

Thanks! Nice graphics.