INTEREST RATESMonthly options on 3-Month SOFR futures
LAUNCHING JUNE 17, 2024*

Trade one- or two-month options on any 1-Year or 2-Year quarterly futures underlying not covered by current
serial/quarterly mid-curves (i.e., July 24 options on December 2024 futures)• Same expiration date as typical monthly and quarterly options• Two consecutive expirations listed at a time (beginning with July 24 and Aug 24)• No changes to our usual standard listing in serial SOFR and Mid-Curve options

How do they work:
The Underlying is embedded in the instrument symbol.
Two root symbols: 1Y “Year 1” and 2Y “Year 2”
An underlying futures code: “H”=March, “M”=June, “U”=Sept and “Z”=Dec
If you want to trade an option on Front Sept, you would use 1YU, “First Year Sept”
If you want to trade an option on Deferred Dec., you would use 2YZ, “Second Year Dec”
EXAMPLES“July on Front Dec”

“July on Deferred Dec”

“August on Front March”

Symbol would be 1YZN4 “1Y Z” tells
you an option on the Front Dec.
N4= option expiration date

Symbol would be 2YZN4 “2Y Z” tellsyou an option on Deferred Dec.
N4 = Option expiration date

Symbol would be 1YHQ4 “1Y H” tells
you a monthly option on Front March.
Q4 = Option expiration dateThis will be an option that expires on
July 12, 2024, with a Dec 24 underlying future.

This will be an option that expires on
July 12, 2024, with a Dec 25 underlying future.

This will be an option that expires on
August 14, 2024, with a March 25 underlying future.

Initial Listing Schedule
Initial listings will be two monthly options. On June 17 launch there will be July 2024 and August 2024 options referencing thebelow underlying futures. September will be added for trade date July 15, 2024 following the July expiration on July 12, 2024.
INITIAL LISTINGS ON JUNE 17, 2024
UNDERLYING FUTURESOPTIONS CONTRACT MONTH

24-SEP

24-DEC

25-MAR

25-JUN

25-SEP

25-DEC

26-MAR

26-JUN

24-JUL

SR3N41YZN41YHN41YMN4S0N42YZN42YHN42YMN424-AUG

SR3Q41YZQ41YHQ41YMQ4S0Q4

2YZQ42YHQ42YMQ424-SEP

SR3U4

Listed trade date 7/15

SOU4Listed trade date 7/15

Currently listed SR3 Serial and Quarterly options
Currently listed Mid Curves
New Monthly Options*Pending regulatory review

LISTING SCHEDULE
UNDERLYING FUTURES
FIRST
TRADE
DATE

CONTRACTMONTHOPTIONS
EXPIRATION
DATE

2024

2025

DEC

MAR

JUN

LAUNCH
JUNE 17

Jul-24

7/12/24

1YZN4

1YHN4

LAUNCH
JUNE 17

Aug-24

8/16/24

1YZQ4

7/15/24

Sep-24

9/13/24

1YZU4

8/19/24

Oct-24

9/16/24
10/14/24
11/18/24
12/16/24

2026
SEP

2027

DECMAR

JUN

SEP

DEC

MAR

1YMN42YZN42YHN42YMN41YHQ41YMQ42YZQ42YHQ42YMQ41YHU41YMU42YZU42YHU42YMU410/11/24

1YHV4

1YMV41YUV42YHV4

2YMV4

2YUV4Nov-24

11/15/24

1YHX4

1YMX4

1YUX42YHX42YMX42YUX4Dec-24

12/13/24

1YHZ4

1YMZ41YUZ4

2YHZ42YMZ42YUZ4Jan-25

1/10/25

1YMF51YUF5

1YZF52YMF5

2YUF5

2YZF5Feb-25

2/14/24

1YMG5

1YUG5

1YZG52YMG5 2YUG52YZG5

1/13/25

Mar-25

3/14/25

1YMH51YUH51YZH52YMH52YUH52YZH52/18/25

Apr-25

4/11/25

1YUJ51YZJ5

1YHJ5

2YUJ5

2YZJ52YHJ5

3/17/25

May-25

5/16/25

1YUK5

1YZK5

1YHK52YUK52YZK52YHK5

4/14/25

Jun-25

6/13/25

1YUM5

1YZM5

1YHM52YUM5

2YZM52YHM5Please refer questions on this subject to:Interest Rates Products
Dave Reifdavid.reif@cmegroup.com+1 312 648 3839

cmegroup.com
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