Verbatim from the venue. The analyst must quote these, never paraphrase.
If any span of 4 consecutive calendar days after Issuance and before Jan 1, 2027 contains at least 2 days where the Station Average at Dallas Fort Worth International Airport (DFW) and George Bush Intercontinental Airport, Houston (IAH) is below 20°F, then the market resolves to Yes.
A "Qualifying Day" is a calendar day after Issuance and before Jan 1, 2027 for which the applicable Station Test is met. The Station Test is whether the Station Average for the calendar day is below 20.
A calendar day is after Issuance and before Jan 1, 2027 if the calendar date of that day, as used in the Source Agency's climatological records for the Reference Stations, falls after Issuance and before Jan 1, 2027.
The Qualifying Days within that span need not be consecutive, and Qualifying Days occurring outside that span do not affect the determination.
The Station Average is calculated for any calendar day as the arithmetic mean of the Daily Minimum Temperatures for all Reference Stations for that calendar day, computed in degrees Fahrenheit and truncated to one decimal place.
The Daily Minimum Temperature is the minimum temperature, in degrees Fahrenheit (unless otherwise specified), for a Reference Station for a calendar day, as documented by the Source Agency in its daily or monthly climatological records for that station, using the calendar-day boundaries applied by the Source Agency in those records. If the Source Agency corrects a documented value prior to Expiration, the corrected value shall be used.
Will the average daily minimum temperature in Texas (DFW & IAH) fall below 20°F for at least 2 days within a 4-day span before Jan 1, 2029?
Before 2029
KXTXURI-28DEC31-29JAN01
62¢
68¢
68¢
–
6¢
0
1
37
in 28mo
active
Date
2027-01-01
event_tickerKXTXURI-28DEC31
exchange_index0
expected_expiration_time2029-01-07T15:00:00Z
expiration_time2027-01-08T15:00:00Z
expiration_value
last_price_dollars0.1500
latest_expiration_time2027-01-08T15:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.9400
no_bid_dollars0.8700
no_sub_titleBefore 2027
notional_value_dollars1.0000
occurrence_datetime2027-01-01T15:00:00Z
open_interest_fp12.11
open_time2026-07-22T20:45:00Z
previous_price_dollars0.1500
previous_yes_ask_dollars0.1300
previous_yes_bid_dollars0.0600
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf any span of 4 consecutive calendar days after Issuance and before Jan 1, 2027 contains at least 2 days where the Station Average at Dallas Fort Worth International Airport (DFW) and George Bush Intercontinental Airport, Houston (IAH) is below 20°F, then the market resolves to Yes.
rules_secondaryA "Qualifying Day" is a calendar day after Issuance and before Jan 1, 2027 for which the applicable Station Test is met. The Station Test is whether the Station Average for the calendar day is below 20.
A calendar day is after Issuance and before Jan 1, 2027 if the calendar date of that day, as used in the Source Agency's climatological records for the Reference Stations, falls after Issuance and before Jan 1, 2027.
The Qualifying Days within that span need not be consecutive, and Qualifying Days occurring outside that span do not affect the determination.
The Station Average is calculated for any calendar day as the arithmetic mean of the Daily Minimum Temperatures for all Reference Stations for that calendar day, computed in degrees Fahrenheit and truncated to one decimal place.
The Daily Minimum Temperature is the minimum temperature, in degrees Fahrenheit (unless otherwise specified), for a Reference Station for a calendar day, as documented by the Source Agency in its daily or monthly climatological records for that station, using the calendar-day boundaries applied by the Source Agency in those records. If the Source Agency corrects a documented value prior to Expiration, the corrected value shall be used.
settlement_timer_seconds1800
statusactive
strike_typecustom
subtitleBefore 2027
tickerKXTXURI-28DEC31-27JAN01
titleWill the average daily minimum temperature in Texas (DFW & IAH) fall below 20°F for at least 2 days within a 4-day span before Jan 1, 2027?