Wild card option

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Wild card option

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

The ability for the seller of a futures contract on a Treasury note or Treasury bond to give notice of delivery for a certain period of time after the exchange on which the contract was trading has already closed for the days. This gives the seller the ability to deliver the cheapest to deliver issue. See also: Wild Card Play.
References in periodicals archive ?
I think the more realistic wild card options that play well in the next few weeks will make Monty's decision easier.
For in the wake of the sad death last weekend of Darren Clarke's wife Heather, Woosnam's wild card options have been made more complicated.