Wild Card Option

What is Wild Card Option?

Wild Card Option meaning Refers to a provision of any physical delivery Treasury bond or Treasury note futures contract that permits shorts to wait until as late as 8:00 p.m. Chicago time on anynotice day to announce their intention to deliver at invoice prices that are fixed at 2:00 p.m., the close of futures trading, on that day.

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary