US Seasonal Strip Weather Heating Degree Day (HDD)
Futures and Options
US SEASONAL STRIP WEATHER HEATING DEGREE DAY (HDD) - 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 |
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 |
EXERCISE PROCEDURE |
European Style - See CME Rule 405A02 |
PRODUCT CODE | |
EXCHANGE RULEBOOK | |
BLOCK MINIMUM | |
VENDOR CODES | |
UNDERLYING CONTRACT |
One CME US Seasonal Strip Weather Heating Degree Day (HDD) Contract |