CME Group Hurricane Maximum

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Hurricane Seasonal Maximum contracts focus on the largest (in terms of CHI Index value) that occur within a specific location or geographic area between January 1 and December 31.

CME Group Hurricane Seasonal Maximum Futures and Options
Contract Size $1,000 times 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) 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. HPM = 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 N/A 1 Index Point (e.g., 10, 11, 12, etc.)
Exercise N/A American-style (exercised any time up to and including LTD)
Settlement All futures contracts remaining open at the termination of trading

shall be settled using the respective CHI seasonal maximum final value reported by EQECAT All futures contracts remaining open at the termination of trading shall be settled using the respective CHI seasonal maximum Cat-In-A-Box final value reported by Eq

N/A
Position limits Position accountability for positions exceeding 10,000 contracts in

any contract month

Position accountability for positions exceeding 10,000

futures-equivalent contracts net on the same side of the market in any contract month

Trading Hours Offered exclusively on the CME Globex electronic trading platform

on Sundays through Thursdays, 5:00 p.m. – 3:15 p.m. CT the following day (9:00 a.m. CT LTD)

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)

Also See[edit]

CME Group weather products

Resources[edit]

CME Group Web site

CME Group Hurricane products