US Monthly Weather Cooling Degree Day (CDD)
Futures and Options
US MONTHLY WEATHER COOLING DEGREE DAY (CDD) - CONTRACT SPECS
| MINIMUM PRICE FLUCTUATION |
1 Index Point (= $20 per contract) |
|---|---|
| PRICING UNIT |
Dollars per index point |
| TRADING HOURS |
Sunday - Friday 5:00 p.m. - 3:15 p.m. CT Daily trading halts 3:15 p.m. - 5:00 p.m. |
| LAST TRADE DATE/TIME |
Second Exchange business day after the futures contract month, 9:00 a.m. |
| CONTRACT MONTHS |
CDD: May, Jun, Jul, Aug, Sep plus Oct and Apr |
| STRIKE PRICE INTERVALS |
CDD: 1 index point in a range of 1 to 1500 index points |
| EXERCISE PROCEDURE |
European Style - See CME Rule 403A02 |
| PRODUCT CODE | |
| EXCHANGE RULEBOOK | |
| BLOCK MINIMUM | |
| VENDOR CODES | |
| UNDERLYING CONTRACT |
One CME Degree Days (CDD) Index Futures Contract |
