CME Group Seasonal Strip Weather Heating Degree Day

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U.S. Seasonal Strip Weather Heating Degree Day futures
Exchange CME Group
Settlement Cash settled
Contract Size $20 times the Heating Degree Day Index
Pricing Unit 1 point = 1.00 Degree Day Index = $20.00
Tick Value 1.00 = $20
Contract Months Oct, Nov, Dec, Jan, Feb, Mar, Apr
Last Trading Day 2 business days following the expiration of the contract period (at 9 am 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 season. The heating degree contract HDD October-April 2008 Seasonal Strip is H2VJ8. H2V is the 3-character product code and J8 is the contract month/year of expiration.
  • Each CME U.S. Seasonal Strip Degree Days HDD 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 Heating 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, Oct, Nov, Dec, Jan, Feb, Mar and Apr
Strike Prices Visit CME Group Daily Bulletin page for all available strike prices
Exercise Style European
  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 See futures contract symbol listing N/A
Price Limits None N/A

Notes