What does the ZTU6 options chain show right now?

As of Aug 21, 2026, 2-Year Treasury Note Futures (September 2026) (ZTU6) has 540.1K contracts outstanding and 47.9K traded today. 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?

ZTU6 expiration cycles include weeklies, monthlies, and LEAPS depending on listing density.

How tight are ZTU6 options bid/ask spreads?

Average bid/ask spread across the chain is 1.97%. 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 end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. 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 Aug 21, 2026.

Spot Price: $102.96
Total OI: 540.1K
Total Volume: 47.9K
Avg Bid/Ask Spread: 1.97%

As of Aug 21, 2026, 2-Year Treasury Note Futures (September 2026) (ZTU6) has 540.1K open contracts and 47.9K contracts traded. Average bid/ask spread across the chain is 1.97%: 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 varies by tenor 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 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 1.97% - 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. 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
Aug 21, 2026	1	2.1%

Frequently asked ZTU6 options chain questions

What does the ZTU6 options chain show right now?: As of Aug 21, 2026, 2-Year Treasury Note Futures (September 2026) (ZTU6) has 540.1K contracts outstanding and 47.9K traded today. 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?: ZTU6 expiration cycles include weeklies, monthlies, and LEAPS depending on listing density.
How tight are ZTU6 options bid/ask spreads?: Average bid/ask spread across the chain is 1.97%. Tight liquidity supports active strategies including ratio spreads and fly structures.