Super Finance Glossary
Over 10,000 financial glossary terms...
Wild Card Option
Wild Card Option
Definition: The right of the seller of a Treasury bond futures contract to give notice of intent to deliver at or before 8:00 p.m. Chicago time after the closing of the exchange (3:15 p.m. Chicago time) when the futures settlement price has been fixed. Related: Timing option.
Definition: The right of the seller of a Treasury bond futures contract to give notice of intent to deliver at or before 8:00 p.m. Chicago time after the closing of the exchange (3:15 p.m. Chicago time) when the futures settlement price has been fixed. Related: Timing option.
Wild Card Option
Definition: Refers to a provision of any physical delivery Treasury Bond or Treasury Notes futures contract that permits shorts to wait until as late as 8:00 PM on any notice day to announce their intention to deliver at invoice prices that are fixed at 2:00 PM, the close of futures trading, on that day.
Definition: Refers to a provision of any physical delivery Treasury Bond or Treasury Notes futures contract that permits shorts to wait until as late as 8:00 PM on any notice day to announce their intention to deliver at invoice prices that are fixed at 2:00 PM, the close of futures trading, on that day.
