What does the ZTU6 options chain show right now?

As of Jul 16, 2026, 2-Year Treasury Note Futures (September 2026) (ZTU6) has 656.6K contracts outstanding and 103.7K traded today, with ATM IV of 1.5%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.

What expirations are available for ZTU6 options?

The nearest expiration is 36 days out. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.

How tight are ZTU6 options bid/ask spreads?

Average bid/ask spread across the chain is 1.52%. Tight liquidity supports active strategies including ratio spreads and fly structures.

2-Year Treasury Note Futures (September 2026) (ZTU6) Options Chain

The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.

2-Year Treasury Note Futures (September 2026) (ZTU6) operates in the Interest-Rate Futures sector, specifically the Interest-Rate Futures industry, listed on CBOT. 2-Year Treasury Note Futures September 2026 contract: CBOT 2-Year Treasury Note futures (ZT): short-end US Treasury futures used for curve trading and short-rate exposure.

Snapshot as of Jul 16, 2026.

Spot Price: $103.04
Total OI: 656.6K
Total Volume: 103.7K
Front Expiration: 36 days
ATM IV: 1.5%
Avg Bid/Ask Spread: 1.52%

As of Jul 16, 2026, 2-Year Treasury Note Futures (September 2026) (ZTU6) has 656.6K open contracts and 103.7K contracts traded. The nearest expiration is 36 days out. ATM implied volatility is 1.5%. Average bid/ask spread across the chain is 1.52%: tight liquidity, suitable for active strategies. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.

How ZTU6 options chain Data Feeds Strategy Selection

Strategy selection on 2-Year Treasury Note Futures (September 2026) options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 1.5% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the ZTU6 chain depth

The listed-expirations table above shows every expiration available for 2-Year Treasury Note Futures (September 2026) options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. ZTU6 front expiration sits at 36 days - the typical hedging horizon for monthly options.

ZTU6 chain mechanics and execution

Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the ZTU6 chain is 1.52% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.

Using the ZTU6 chain to build structures

Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. ZTU6's current 0.42% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.

Learn how the options chain is reported and how to read the data →

ZTU6 listed expirations

Per-expiration ATM implied volatility for ZTU6 options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.

Expiration	DTE	ATM IV
Jul 24, 2026	8	1.3%
Aug 21, 2026	36	1.5%

Frequently asked ZTU6 options chain questions

What does the ZTU6 options chain show right now?: As of Jul 16, 2026, 2-Year Treasury Note Futures (September 2026) (ZTU6) has 656.6K contracts outstanding and 103.7K traded today, with ATM IV of 1.5%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
What expirations are available for ZTU6 options?: The nearest expiration is 36 days out. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
How tight are ZTU6 options bid/ask spreads?: Average bid/ask spread across the chain is 1.52%. Tight liquidity supports active strategies including ratio spreads and fly structures.