The wild card option exists because of the difference in the closing times of the spot and futures markets for Treasury bills.

Name: The wild card option exists because of the difference in the closing times of the spot and futures markets for Treasury bills.
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Question

Quizplus · Accepted Answer

The wild card option refers to the ability of futures traders to deliver Treasury securities at different times, exploiting price differences, not due to closing time differences.

The Wild Card Option Exists Because of the Difference in the Closing