Wild Card Option

This Issue in United States

Concept of Wild Card Option in Futures Trading

In this context of financial law, the following is a definition of Wild Card Option: 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 any notice 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.