CME: Hurricane Binary Options ab 30.03.08
CME Group: Hurricane Binary Options-Effective Sunday, March 30, 2008
(24.03.08) - Hurricane binary option contracts will pay the full contract value ($10,000) to the buyer if the combined CHI for all of the hurricanes during the season equals or exceeds a certain value (strike); otherwise, it pays nothing and the seller keeps the premium. The premium varies from $0 to $10,000, depending on the likelihood of the event.