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Hurricane Seasonal Maximum Options
 


Type

Seasonal Maximum Options | Binary Options | Cat-In-A-Box | Second Event Binary | Second Event Cat-In-A-Box

 
CME Hurricane Index Seasonal Maximum Options
Contract Size $1,000 times the seasonal total for the respective CHI
Quotation CHI Index Points
Tick Size 0.1 CHI Index Point
Tick Value 0.1 CHI Index Point = $100
Contracts Traded Expressed in terms of the CHI for the largest hurricane to make landfall within a specific location between January 1 and December 31 inclusive of a calendar year
Expressed in terms of the largest CHI-Cat-In-A-Box value for all hurricanes that occur within a specific geographic area between January 1 and December 31 inclusive of a calendar year
Locations Gulf Coast
(Brownsville, TX to AL/FL Border)
Florida
(AL/FL Border to Fernandina Beach, FL)
Southern Atlantic Coast
(Fernandina Beach, FL to NC/VA Border)
Northern Atlantic Coast
(NC/VA Border to Eastport, ME)
Eastern U.S.
(Brownsville, TX to Eastport, ME)
Gulf Coast and Florida
(Brownsville, TX to Fernandina Beach, FL)
Florida Gold Coast
(Card Sound Bridge, FL to Jupiter Inlet, FL)
Florida + Southern Atlantic + Northern Atlantic
(AL/FL Border to Eastport, ME)
CHI-Cat-In-A-Box − Galveston-Mobile
(area bounded by 95°30’0”W on the West, 87°30’0”W on the East, 27°30’0”N on the South, and the corresponding segment of the U.S. coastline on the North)
Ticker Symbols HGM = Gulf Coast
HFM = Florida
HSS = Southern Atlantic Coast
HNM = Northern Atlantic Coast
HXM = Eastern U.S.
GFM = Gulf + Florida
HDM = Florida Gold Coast
MHA= Florida + Southern Atlantic + Northern Atlantic
HPM = CHI-Cat-In-A-Box − Galveston-Mobile
Last Trade Date & Time First business day that is at least five calendar days following December 31; 9:00 a.m.
Strike Price Interval 1 Index Point (e.g., 10, 11, 12, etc.)
Exercise American-style (exercised any time up to and including LTD)
Settlement N/A
Position Limits Position accountability for positions exceeding 10,000 futures-equivalent contracts net on the same side of the market in any contract month
Trading Hours Traded via open outcry in the NASDAQ-100 pit on Mondays through Fridays, 8:30 a.m. – 3:15 p.m. CT the following day (9:00 a.m. CT LTD)
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
CME Hurricane Index Seasonal Maximum Binary Options
Contract Size $10,000
Quote Points (percent of $10,000)
Minimum Price Increment 0.01 point
Tick Value 0.01 point = $1
Contracts Traded Binary contract in which buyer receives $10,000 if the respective CHI seasonal maximum value is equal to or greater than strike price; buyer receives nothing if the respective CHI seasonal maximum value is less than strike price. Separate binary contracts will be listed for trading on the accumulated CHI final settlement values for all hurricanes that make landfall in a specific location (e.g., Gulf Coast) between January 1 and December 31 inclusive of a calendar year.
Locations Florida Gold Coast (Card Sound Bridge, FL to Jupiter Inlet, FL)
Gulf Coast (Brownsville, TX to AL/FL Border)
Florida (AL/FL Border to Fernandina Beach, FL)
Southern Atlantic Coast (Fernandina Beach, FL to NC/VA Border)
Northern Atlantic Coast (NC/VA Border to Eastport, ME)
Eastern U.S. (Brownsville, TX to Eastport, ME)
Florida + Southern Atlantic + Northern Atlantic (AL/FL Border to Eastport, ME)
Gulf Coast and Florida (Brownsville, TX to Fernandina Beach, FL)
Ticker Symbols MFM = Florida Gold Coast
MHG = Gulf Coast
MHF = Florida
MHS = Southern Atlantic Coast
MHR = Northern Atlantic Coast
MHX = Eastern U.S.
AOA= Florida + Southern Atlantic + Northern Atlantic
BGF = Gulf Coast and Florida
Last Trade Date & Time First business day that is at least five calendar days following December 31; 9:00 a.m.
Strike Price Interval 1 CHI Index Point (e.g., 10, 11, 12, etc.)
Excercise American-style (exercised any time up to and including LTD)
Position Limits Position accountability for positions exceeding 10,000 futures-equivalent contracts net on the same side of the market in any contract month.
Trading Hours 8:30 a.m. to 3:15 p.m. CT (9:00 a.m. on LTD)
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
CME Hurricane Index Seasonal Maximum Cat-In-A-Box Binary Options
Contract Size $10,000
Quote Points (percent of $10,000)
Minimum Price Increment 0.01 point
Tick Value 0.01 point = $1
Contracts Traded Binary contract in which buyer receives $10,000 if the respective CHI seasonal maximum Cat-In-A-Box value is equal to or greater than strike price; buyer receives nothing if the respective CHI seasonal maximum Cat-In-A-Box value is less than strike price. Separate binary contracts will be listed for trading on the accumulated CHI Cat-In-A-Box final settlement values for all hurricanes that enter a specific geographic area (e.g., Galveston-Mobile) between January 1 and December 31 inclusive of a calendar year.
Locations Galveston-Mobile (area bounded by 95º30’0”W on the west, 87º30’0”W on the east, 27º30’0”N on the south, and the corresponding segment of the U.S. coastline on the north)
Last Trade Date & Time First business day that is at least five calendar days following December 31; 9:00 a.m.
Strike Price Interval 1 CHI Index Point (e.g., 10, 11, 12, etc.)
Excercise American-style (exercised any time up to and including LTD)
Position Limits Position accountability for positions exceeding 10,000 futures-equivalent contracts net on the same side of the market in any contract month.
Trading Hours 8:30 a.m. to 3:15 p.m. CT (9:00 a.m. on LTD)
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
CME Hurricane Index Second Event Seasonal Maximum Binary Options
Contract Size $10,000
Quote Points (percent of $10,000)
Minimum Price Increment 0.01 point
Tick Value 0.01 point = $1
Contracts Traded Binary contract in which buyer receives $10,000 if the respective CHI seasonal maximum value is equal to or greater than strike price; buyer receives nothing if the respective CHI seasonal maximum value is less than strike price. Separate binary contracts will be listed for trading on the second hurricane to make landfall in a specific location (e.g., Gulf Coast) between January 1 and December 31 inclusive of a calendar year with a particular maximum CHI value.
Locations Florida Gold Coast (Card Sound Bridge, FL to Jupiter Inlet, FL)
Gulf Coast (Brownsville, TX to AL/FL Border)
Gulf Coast and Florida (Brownsville, TX to Fernandina Beach, FL)
Florida (AL/FL Border to Fernandina Beach, FL)
Southern Atlantic Coast (Fernandina Beach, FL to NC/VA Border)
Northern Atlantic Coast (NC/VA Border to Eastport, ME)
Eastern U.S. (Brownsville, TX to Eastport, ME)
Florida + Southern Atlantic + Northern Atlantic (AL/FL Border to Eastport, ME)
Ticker Symbols FM2 = Florida Gold Coast
MG2 = Gulf Coast
GF2 = Gulf Coast and Florida
MF2 = Florida
HM2 = Southern Atlantic Coast
MR2 = Northern Atlantic Coast
MX2 = Eastern U.S.
OMA= Florida + Southern Atlantic + Northern Atlantic
Last Trade Date & Time First business day that is at least five calendar days following December 31; 9:00 a.m.
Strike Price Interval 1 CHI Index Point (e.g., 10, 11, 12, etc.)
Excercise American-style (exercised any time up to and including LTD)
Position Limits Position accountability for positions exceeding 10,000 futures-equivalent contracts net on the same side of the market in any contract month.
Trading Hours 8:30 a.m. to 3:15 p.m. CT (9:00 a.m. on LTD)
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
CME Hurricane Index Second Event Seasonal Maximum Cat-In-A-Box Binary Options
Contract Size $10,000
Quote Points (percent of $10,000)
Minimum Price Increment 0.01 point
Tick Value 0.01 point = $1
Contracts Traded Binary contract in which buyer receives $10,000 if the respective CHI seasonal maximum value is equal to or greater than strike price; buyer receives nothing if the respective CHI seasonal maximum value is less than strike price. Separate binary contracts will be listed for trading on the second hurricane to enter a specific geographic area (e.g., Galveston-Mobile) between January 1 and December 31 inclusive of a calendar year with a particular maximum CHI value.
Locations Galveston-Mobile (area bounded by 95º30’0”W on the west, 87º30’0”W on the east, 27º30’0”N on the south, and the corresponding segment of the U.S. coastline on the north)
Last Trade Date & Time First business day that is at least five calendar days following December 31; 9:00 a.m.
Strike Price Interval 1 CHI Index Point (e.g., 10, 11, 12, etc.)
Excercise American-style (exercised any time up to and including LTD)
Position Limits Position accountability for positions exceeding 10,000 futures-equivalent contracts net on the same side of the market in any contract month.
Trading Hours 8:30 a.m. to 3:15 p.m. CT (9:00 a.m. on LTD)
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.