wild card option
- A clause in physical delivery Treasury Bond or Treasury Notes futures contracts allowing shorts to announce their intent to deliver as late as 8:00 PM on any notice day at invoice prices fixed at 2:00 PM on the same day
- Due to the favorable market conditions, they decided to exercise the wild card option in their futures contract.
- The potential profit from the wild card option in her treasury notes futures contract influenced her trading decisions.
- Because of the market volatility, many traders find the flexibility provided by the wild card option to be beneficial.