CME Group Hurricane Maximum

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	CME Group Hurricane Seasonal Maximum Futures and Options	CME Group Hurricane Seasonal Maximum Futures and Options
Contract Size 	$1,000 times the respective CHI 	$1,000 times the respective CHI
Quotation 	CHI Index Points 	CHI Index Points
Tick Size 	0.1 CHI Index Point 	0.1 CHI Index Point
Tick Value 	0.1 CHI Index Point = $100 	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	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)	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	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	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 ==
CME Group weather products
== Resources ==
CME Group Web site
CME Group Hurricane products
Category:Hurricane Futures Contracts
Category:Futures Contracts Traded on CME Group
Category:Weather Futures Contracts
Category:Heating Degree Day Options
Category:Options Traded on CME Group
Category:Weather Options
Category:Futures Data in Template
Category:Hurricane Options
Category:Weather
Category:CME Group