wild card option

Definition of "wild card option"
  1. 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
How to use "wild card option" in a sentence
  1. Due to the favorable market conditions, they decided to exercise the wild card option in their futures contract.
  2. The potential profit from the wild card option in her treasury notes futures contract influenced her trading decisions.
  3. Because of the market volatility, many traders find the flexibility provided by the wild card option to be beneficial.

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