Using Bloomberg's OVME screen, determine the equilibrium price on a selected call and put options on a futures contract on a T-Note or T-bond. For information on how to find options from the SECF and CTM screens and how to upload the futures options, For information on how to value options on bond futures, see section.

Guide:

- To find futures on T-Note or T-Bond on SECF, click "Fixed Income" from the "Category" dropdown and then click "futr" tab or click "opts." Use OMON on the futures screen to find the futures options.

- Select the options from the selected futures' OMON or CALL screen.

- Load the option: Option Ticker .

- Enter OVME.

a. On OVME screen, determine the Black OPM price (select Black). Select Bloomberg's implied volatility, historical, or provide your own volatility estimate.

b. Using the OVME screen for the call and put options contracts, evaluate the prices of the call and put options for different futures prices. Click the "Scenario" tab and set the axis for option prices and underlying futures prices.

c. Using the OVME screen for the call and put options contracts, evaluate the Greeks for different futures prices and time to expiration by clicking the "Scenario" tab and setting the axis.