Ultra bond options
- Thread starter UVXY20
- Start date
"Options will be allowed to expire into futures (or, if out-of-the-money, expire worthless), if the options expiration date is prior to the underlying futures' First Position Day. If there is a resulting futures position, it will then be subject to the respective Close-Out Deadlines, as detailed here." https://www.interactivebrokers.com/en/trading/futures-physical-options-delivery.php
there are two contracts, UBH24 and UBM24. FOPs on UBH24 has no volume, maybe not traded for a while. But if you look at the FOPs for UBM24, there are 40+ bid/ask volume. perhaps you are looking at the wrong option chain.
The options expiring this month are "subject to the respective Close-Out Deadlines, as detailed here."
Follow the link, type UB, then <Enter>.
The deadline for long UB futures and options expiring in March was back on February 28. (For short positions, you have until March 19, but unless you are delivering the underlying, you better be out by February 28.)
Follow the link, type UB, then <Enter>.
The deadline for long UB futures and options expiring in March was back on February 28. (For short positions, you have until March 19, but unless you are delivering the underlying, you better be out by February 28.)
Do all brokers do this?
No clue, but unless you plan to take or make delivery, you should get out by the earlier date because the volume will dry up and the bid-ask spread will explode.
No. But you have to have an ability to take delivery of or deliver bonds (since the notice period starts).