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European Seasonal Strip Weather Heating Degree Day (HDD) Options
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Type
 
European Seasonal Strip HDD Index Options
Underlying Contract One CME European Seasonal Strip HDD Index Futures Contract
Pricing Unit British Pounds (£) per index point = London-Heathrow, Euros (€) per index point = All other locations
Tick Size
(minimum fluctuation)		 1 index point (= £20 per contract - London Heathrow); 1 index point (= €20 per contract-All Other Locations)
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
View Calendar		 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
View Calendar		 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 8500 index points
See CME Rule 407A01.E.
Exercise Procedure European Style - See CME Rule 407A02
Position Limits All months combined: 10,000 futures-equivalent contracts
See CME Rule 407A01.F.
Ticker Symbol View Codes
Rulebook Chapter 407A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.