IB: No Options available for TYX?

I apologize if this is a stupid question, but why does IB not give me option chains for CBOE interest rate index options? I can get the Index data and I'm subscribed to the options exchange data feeds, but I can't seem to actually get to the product...

This is not the case for other interest rate options I'm interested in (EDs, for example).

 

^TYX is an index and has no options that I can find. You may have better luck with options on ^TYX futures but I haven't found those yet either.

There are some interest rate hedged EFT's appearing but they also have no options.

e.g. HYHG is a high yield corporate bond ETF that is 'interest rate hedged' and yield's north of 4%

So far it looks good:

http://finance.yahoo.com/q/bc?t=1y&s=HYHG&l=on&z=l&q=l&c=tlt&ql=1&c=^GSPC

http://finance.yahoo.com/q/pr?s=HYHG+Profile

Note that it hedges for interest rate by having short positions in Treasuries.

 

TLT has options

 

CBOE does not have interest rate options, CBOT and CME do and I am pretty sure IB carries them.

 

Check TLT on the equity index exchanges. Has leaps as well.

 

http://www.cboe.com/learncenter/pdf/iro.pdf

So is this pamphlet incorrect?

 

Oh, those things. Zero volume. Literally. Yet another still-born product from CBOE, just like many other (e.g. "credit options").

 

That's disappointing. It seems like they would be convenient for retail accounts.

 

TLT ishares 20 year treasury bond etf options

http://www.cboe.com/DelayedQuote/QuoteTable.aspx

has done thousands of options at multiple strikes.

 

Thanks for this but if that CBOE page is to be believed it seems like the underlying ETF's bid-ask gets pretty wide which would concern me with what I've heard about IB's auto-liquidation procedures...