CME Group Weather 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 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, Oct, Nov, Dec, Jan, Feb, Mar and Apr
Strike Prices All listed intervals
Exercise Style American
  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

Also See

CME Group weather products

Resources

CME Group Web site

CME Group Cooling Degree Day contracts

References