Hurricane hits California in 2023?
Hurricane hits California in 2023?
50 mph or above
Yes
50 mph or above
Yes
60 mph or above
Yes
60 mph or above
Yes
74 mph or above
Category 1
No
74 mph or above
Category 1
No
5 more
Market Rules
30 mph or above
If the National Weather Service reports that a maximum sustained wind-speed of at least 30 miles per hour in California that occurred between August 18, 2023 and November 30, 2023, then the market resolves to Yes. Outcome verified from National Weather Service.
The Exchange uses two NWS products for its Underlying: (1) the Daily Climate Reports for Weather Forecast Offices located in California and (2) any location within California included in an NWS Post-Storm Hurricane Report.
The market will expire on the first 10:00 AM ET following the release of official data at the Underlying confirming the event has occurred. Otherwise, the market will expire on the sooner of the the first 10:00 AM ET following the release of data for November 30, 2023, or one week after November 30, 2023.
Timeline and payout
Market openAug 18, 2023 · 4:45pm EDT
Market closedAug 22, 2023 · 5:22pm EDT
Projected payoutDec 1, 2023 · 10:00am EST
SeriesKXHURCAL
EventHURCAL-23NOV30
MarketHURSAV-23NOV30-T30
Insider trading is prohibited
The following are prohibited from trading this contract:
- Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
- Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.