Wild card option(redirected from Wild Card Options)
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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved