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Australian Seasonal Strip Weather Cooling Degree Day (CDD) Options
 


Type
 
Australian Seasonal Strip Degree Days (CDD) Index Options
Underlying Contract One CME Australian Seasonal Strip Degree Days Index Futures Contract
Pricing Unit Australian Dollars (AUS$) per index point
Tick Size
(minimum fluctuation)
Full Tick = 1 index point (= AUS$20 per contract)
Daily Price Limits n/a
Trading Hours
(All times listed are Central Time)
OPEN OUTCRY
(Trading Floor)
MON-FRI: 8:30 a.m.-3:15 p.m.
Last Trade Date/Time
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First business day that is at least five calendar days after the end of the last calendar month in the strip, 9:00 a.m.
Contract Months
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CDD: Minimum of two, and maximum of seven, consecutive calendar months, Apr-Oct
Strike Price Intervals CDD: 1 index point in a range of 1 to 8500 index points
See CME Rule 440A01.E.
Exercise Procedure European Style - See CME Rule 440A02
Position Limits All months combined: 10,000 futures-equivalent contracts
See CME Rule 440A01.F.
Ticker Symbol Bankstown, Sydney = 6T
Brisbane Aero = 7T
Melbourne Regional Office = 8T
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Rulebook Chapter 440A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.