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Hurricane Seasonal  Options
Quotes | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 


Type

Seasonal Options | Binary Options | Cat-In-A-Box

CME Hurricane Index Seasonal 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 accumulated CHI for all hurricanes that occur within a specific location between January 1 and December 31 inclusive of a calendar year
Expressed in terms of the accumulated CHI-Cat-In-A-Box values 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)
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 HGA = Gulf Coast
HFA = Florida
HSA = Southern Atlantic Coast
HNA = Northern Atlantic Coast
HXA = Eastern U.S.
HPA = CHI-Cat-In-A-Box − Galveston-Mobile
Termination of Trading Trading shall terminate at 9:00 a.m. CT on the first Exchange
business day that is at least two calendar days following the
end of the hurricane season on December 31
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 (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 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 value is equal to or greater than strike price; buyer receives nothing if the respective CHI seasonal 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)
Termination of Trading Trading shall terminate at 9:00 a.m. CT on the first Exchange business day that is at least two calendar days following December 31.
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
(All times listed are Central Time)		 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 Index Seasonal 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 Cat-In-A-Box value is equal to or greater than strike price; buyer receives nothing if the respective CHI seasonal 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)
Termination of Trading Trading shall terminate at 9:00 a.m. CT on the first Exchange business day that is at least two calendar days December 31.
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
(All times listed are Central Time)		 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.