When will a tropical or subtropical storm be named Helene in 2024?
Standard
16
Ṁ21k
resolved Sep 24
100%99.2%
September 24
0.1%
September 12
0.1%
September 13
0.1%
September 14
0.1%
September 15
0.1%
September 16
0.1%
September 17
0.1%
September 18
0.1%
September 19
0.1%
September 20
0.0%
September 21
0.1%
September 22
0.0%
September 23
0.0%
September 25
0.0%
September 26
0.0%Other

Resolves in EDT

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sold Ṁ49 September 26 YES

@SaviorofPlant

It's officially Helene now

Tropical Storm Helene Discussion Number   5
NWS National Hurricane Center Miami FL       AL092024
1100 AM EDT Tue Sep 24 2024

An Air Force Reserve Hurricane Hunter measured peak 925-mb
flight-level winds of 52 kt to the northeast of the center, which
supports an initial intensity of 40 kt.  Dropsonde data also
indicated that the central pressure is down to 1000 mb. Very 
recently, data from the plane and one-minute visible satellite 
imagery indicate that the center has become better defined. Based 
on these data, the system is being designated as Tropical Storm 
Helene at this time.
bought Ṁ50 September 25 NO

Potential tropical cyclone 9 advisories commenced. TD in 12 hours and TS in 24 hours is forecast.

bought Ṁ24 September 23 YES
2. Northwestern Caribbean Sea and Gulf of Mexico:
Disorganized showers and thunderstorms located over the western 
Caribbean Sea and portions of Central America are associated with a 
very broad area of low pressure. Environmental conditions appear 
favorable for gradual development of this system during the next 
several days. A tropical depression is likely to form while the 
system moves slowly northward across the northwestern Caribbean Sea 
and Gulf of Mexico through the end of the week. Regardless of 
development, this system is expected to produce heavy rains over 
portions of Central America during the next several days.
* Formation chance through 48 hours...low...10 percent. 
* Formation chance through 7 days...high...70 percent.
bought Ṁ5 Other YES

8PM TWO increased the chances of a TC to 60% in 7 days for Northwestern Caribbean Sea and Southern Gulf of Mexico

sold Ṁ15 September 24 YES

There's a strong model signal for something in the Carribean somewhere between Sep 23 and Sep 26. The operational GFS forms it on Sep 23 (although it has genesis issues in this area sometimes due to incorrect handling of vorticity generated by the Venezuelan mountains; not sure if that's an issue here), while the operational Euro waits until the disturbance gets to the Gulf of Mexico and forms it on Sep 26.

This latest (18Z Sep 18) run of the GFS is... quite something.

@Calibrate I think the GFS is being too aggressive here, while the Euro is underdoing it.
I'm not sure why the GFS insists on making this storm enormous

Too much contamination from the ensembles from my tracker crossing into the EP and back again to have much confidence... especially 7 days out..

Regarding the "size" , CMC has it even bigger according to my own analysis..

Deterministic 12/18Z (GFS 18Z, sorry about the time scale, NAVGEM/FNMOC ensembles have not had data for this last week while they do maintenance....). Pressure on GFS is something though.. Edit: Deterministic ECM not showing a TC but by the EPS members in the ensemble, they are showing also a strong TC signal but it is too far out though..

bought Ṁ20 Other YES

Edit: Latest advisory kept as a Potential Cyclone. NHC predicts early tomorrow for genesis (still at 80% for 48 hours):

The system has a high chance of being a tropical cyclone early 
tomorrow, and some strengthening is possible before landfall as it 
moves over warm waters with a conducive upper-level trough 
interaction.  The official forecast is similar to the latest 
decay-SHIPS model guidance and the prior forecast.

cyclonicwx.com header is helpful: "AFXXX 0208A CYCLONE is scheduled to depart in 1 hour and 3 minutes. "

Seems not enough time for a 11:59 pm update it seems to make it a TS before midnight, as I don't believe the appearance will dramatically change either in the next hour.

sold Ṁ35 September 16 YES

Final advisory for PTC 8; winds below TS, and low is either near the coast or inland.

https://www.nhc.noaa.gov/text/refresh/MIATCDAT3+shtml/162037.shtml

@SaviorofPlant

Potentially dumb question - what time zone is this in? I'm not sure when a storm is named, but if it can happen at, say, 1am Eastern, when the country is split between two days, which day does it resolve to?

@Gabrielle Eastern

@SaviorofPlant EST or EDT? All NHC advisories are in EDT, but the market description says EST, which is an hour behind.

@Calibrate EDT sorry...

bought Ṁ25 September 16 YES

AL95 is now Potential Tropical Cyclone Eight:

https://www.nhc.noaa.gov/text/refresh/MIATCPAT3+shtml/152056.shtml

https://www.nhc.noaa.gov/text/refresh/MIATCDAT3+shtml/152058.shtml

Maximum sustained winds are near 45 mph (75 km/h) with higher gusts.
Some strengthening is possible before the system makes landfall.
* Formation chance through 48 hours...high...70 percent.
* Formation chance through 7 days...high...70 percent.
INIT  15/2100Z 32.0N  78.0W   40 KT  45 MPH...POTENTIAL TROP CYCLONE
 12H  16/0600Z 32.4N  78.7W   40 KT  45 MPH...TROPICAL CYCLONE
 24H  16/1800Z 33.1N  79.4W   45 KT  50 MPH...INLAND
bought Ṁ15 Other YES

(Theta-e, advection from SPC)

If anyone besides @SaviorofPlant also expects it to be free of the front by 11 PM (and become a named storm by then), I've increased my bet otherwise to the 16th.

There are 4 hours left now until the next full advisory (11PM EDT).

sold Ṁ7 September 16 YES

Waiting for TWO on 2pm.... Edit: rotation disappeared very quickly from radar...

Has a very short amount of time left to organize to make it into a TC today...

Edit: Not sure about the probabilities I've hedged on, as there is no deep convection visible on satellite imagery and high wind shear forecast (40kt) ...

If TWO doesn't increase the 48 hour probabilities to 60-70%, I'll buy more Other again...

reposted

System off the coast of the Carolinas is likely to take the name Helene

bought Ṁ240 Other YES

I've been watching that area for a related market for the last couple days. I'm not sure I'd give it 20% even....

I put climatologically (1991-2013) cumulative base rate for 12th-19th (excluding 11th since we already will have Gordon very likely) at 79% for one storm, 46 % for two... Base rate will probably be in between that since I can't completely disregard Gordon, so taking 63% as the average of those two and a pure guess of 20-30% (25% average) based on the TWO TC genesis probabilities of a TS (they don't go out far enough for this question), gives me about 44% of a TS by the 20th.

@parhizj Models were pretty confident in formation yesterday, but they're significantly less bullish on it now. There's something projected in the subtropics to the east of it now, but I'm not sure if that system is even subtropical and I forget how to read the soundings to check...

Edit: Number of scattered potential disturbances makes thing complicated but excluding Gordon's tracks from 12Z ensembles, I still get roughly the same probabilities.