CME Group Hurricane Maximum

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Hurricane Seasonal Maximum contracts focus on the largest (in terms of CHI Index value) that occur within a specific location or geographic area between January 1 and December 31.


CME Group Hurricane Seasonal Maximum futures
Exchange CME Group
Settlement Cash settled
Contract Size $1,000 times the respective CHI
Pricing Unit 1 CHI point = $1,000
Tick Value 0.1=$100
Contract Months Expressed in terms of the CHI for the largest hurricane to make landfall within a specific location between January 1 and December 31 inclusive of a calendar year.

Expressed in terms of the largest CHI-Cat-In-A-Box value for all hurricanes that occur within a specific geographic area between January 1 and December 31 inclusive of a calendar year.

Last Trading Day Trading shall terminate at 9:00 a.m. CT on the first Exchange business day that is at least two calendar days following ­­­­the end of the hurricane season on December 31.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Offered exclusively on the CME Globex electronic trading platform on Sundays through Thursdays, 5:00 p.m. – 3:15 p.m. CT the following day (9:00 a.m. CT LTD)
Ticker Symbol NA
  • HGM = Gulf Coast
  • HFM = Florida
  • HSM = Southern Atlantic Coast
  • HNM = Northern Atlantic Coast
  • HXM = Eastern US
  • HPM = CHI Cat-in-the-box (Galveston-Mobile)
Price Limits N/A 30 points
 
CME Group Hurricane Seasonal Maximum options
Trade Unit One futures contract
Point Value 1 point = $1,000 (0.1 = $100)
Tick Value Regular 1.00=$1,000.00; Cabinet 0.50=$500.00
Option Months Expressed in terms of the CHI for the largest hurricane to make landfall within a specific location between January 1 and December 31 inclusive of a calendar year.

Expressed in terms of the largest CHI-Cat-In-A-Box value for all hurricanes that occur within a specific geographic area between January 1 and December 31 inclusive of a calendar year.

Strike Prices 0-30
Exercise Style American
  Open Outcry No Electronic Market
Trading Hours Traded via open outcry in the NASDAQ-100 pit on Mondays through Fridays, 8:30 a.m. – 3:15 p.m. CT the following day (9:00 a.m. CT LTD) N/A
Ticker Symbol
  • HGM = Gulf Coast
  • HFM = Florida
  • HSM = Southern Atlantic Coast
  • HNM = Northern Atlantic Coast
  • HXM = Eastern US
  • HPM = CHI Cat-in-the-box (Galveston-Mobile)
N/A
Price Limits 30 points N/A

Also See

CME Group weather products

Resources

CME Group Web site

CME Group Hurricane products