CME Group Seasonal Strip Weather Heating Degree Day
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| U.S. Seasonal Strip Weather Heating Degree Day Futures | |
|---|---|
| Contract Unit | $20 times the respective CME Seasonal Strip Degree Days (HDD) Index |
| Price Quotation | Dollars per index point |
| Trading Hours | Sunday 5:00 p.m. - Friday 3:15 p.m.
Daily trading halts 3:15 p.m. - 5:00 p.m. |
| Minimum Price Fluctuation | 1 index point (= $20 per contract) |
| Product Code | Weather Product Codes |
| Listed Contracts | HDD: Nov-Mar, Dec-Feb |
| Settlement Method | Financially Settled |
| Settlement Procedures | Seasonal Strip Weather Settlement Procedures |
| Position Limits | CME Position Limits |
| Exchange Rulebook | CME 405 |
| Block Minimum | Block Minimum Thresholds |
| Vendor Codes | Quote Vendor Symbols Listing |
| U.S. Seasonal Strip Weather Heating Degree Day Options | |
|---|---|
| Minimum Price Fluctuation | 1 Index Point (= $20 per contract) |
| Pricing Unit | Dollars per index point |
| Trading Hours | MON-FRI: 8:30 a.m.-3:15 p.m. |
| Last Trade Date/Time | Second Exchange business day after the futures contract month, 9:00 a.m. |
| Contract Months | HDD: Minimum of two, and maximum of seven, consecutive calendar months, Oct-Apr |
| Strike Price Intervals | HDD: 1 index point in a range of 1 to 16,000 index points
See CME Rule 405A01.E. |
| Exercise Procedure | European Style - See CME Rule 405A02 |
| Product Code | Weather Product Codes |
| Exchange Rulebook | CME 405A |
| Block Minimum | Block Minimum Thresholds |
| Vendor Codes | Quote Vendor Symbols Listing |
| Underlying Contract | One CME US Seasonal Strip Weather Heating Degree Day (HDD) Contract |