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
Contract Size $20 times the Cooling Degree Day Index
Pricing Unit 1 point = 1.00 Degree Day Index = $20.00
Tick Value 1.00 = $20
Contract Months Jul-Aug and May-Sep
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 Sunday 5:00 p.m. - Friday 3:15 p.m.

Daily trading halts 3:15 p.m. - 5:00 p.m., Last Trading Day - 9:00 a.m.

Ticker Symbol N/A
  • K1=Atlanta
  • K2=Chicago
  • K3=Cincinnati
  • K4=New York
  • K5=Dallas
  • K0=Las Vegas
  • KQ=Minneapolis
  • KS=Sacramento

City product code + KU (start in May, end in SEP) or NQ (start in JUL, end in AUG)

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 Minimum of two, and maximum of seven, consecutive calendar months, Apr-Oct
Strike Prices All listed intervals
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
  • K1=Atlanta
  • K2=Chicago
  • K3=Cincinnati
  • K4=New York
  • K5=Dallas
  • K0=Las Vegas
  • KQ=Minneapolis
  • KS=Sacramento

City product code + KU (start in May, end in SEP) or NQ (start in JUL, end in AUG)

N/A
Price Limits None N/A

Also See

CME Group weather products

Resources

CME Group Web site

CME Group Weather Products

US Seasonal Strip Weather Cooling Degree Day (CDD) Contract Specs

Weather Product Codes

References