CME Group US Seasonal Strip Weather Cooling Degree Day

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U.S. Seasonal Strip Weather Cooling Degree Day futures
Exchange	CME Group
Settlement	Cash settled
Trade Unit	$20 times the Cooling Degree Day Index
Point Value	1 point = 1.00 Degree Day Index = $20.00
Tick Value	1.00 = $20
Contract Months	Apr, May, Jun, Jul, Aug, Sep and Oct.
Last Trading Day	Two business days following the contract period (9am CT)
Note: This contract is electronic ONLY -- no open outcry
	No Open Outcry	Electronic
Trading Hours	N/A	Mon/Thurs 5:00 p.m.-3:15 p.m.; Sun/Hol 5:00 p.m.-3:15 p.m., Last Trading Day - 9:00 a.m.
Ticker Symbol	N/A	Each Contract is a multiple-month contract. The heating degree contract CDD April-October 2008 Seasonal Strip is H2JV8. H2J is the 3-character product code and V8 is the contract month/year of expiration. Each CME U.S. Seasonal Strip Degree Days CDD is the accumulation of like Degree Days over a minimum of two, and a maximum of seven, consecutive calendar months.
Price Limits	N/A	N/A

U.S. Seasonal Strip Weather Cooling Degree Day options
Trade Unit	One futures contract
Point Value	1 point = 1.00 Degree Day Index = $20
Tick Value	Regular 1.00=$20.00; Cabinet 0.50=$10.00
Option Months	7 consecutive calendar months, Apr, May, June, July, Aug, Sept and Oct
Strike Prices	All listed intervals
Exercise Style	European
Option Expiration Day	Two business days following the contract period (9 am CT)
	Open Outcry	No Electronic Market
Trading Hours	Mon/Fri 8:30 a.m. to 3:15 p.m. (CST) Last Trading Day (9:00 a.m.)	N/A
Ticker Symbol	Each Contract is a multiple-month contract. The heating degree contract CDD April-October 2008 Seasonal Strip is H2JV8. H2J is the 3-character product code and V8 is the contract month/year of expiration. Each CME U.S. Seasonal Strip Degree Days CDD is the accumulation of like Degree Days over a minimum of two, and a maximum of seven, consecutive calendar months.	N/A
Price Limits	None	N/A