Lowest temperature in Oklahoma City on May 1, 2026?
Short Answer
1. Executive Verdict
- La Niña conditions are most likely for May 2026, influencing temperature.
- Analog years (1988, 2000, 2011) suggest a May 1st low near 50°F.
- Oklahoma City's average last spring freeze date shifted to March 27.
- The historical average low for May 1st in Oklahoma City is 52°F.
- Record low for May 1st is 34°F (1907), showing extreme historical possibility.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| 46° to 47° | 12.0% | 22.8% | Analog year 1988, with similar ENSO/PDO conditions, recorded a May 1st low of 46°F. |
| 50° to 51° | 27.0% | 41.2% | The specific justification for this outcome was not provided in the research excerpt. |
| 43° or below | 4.0% | 3.7% | Analog years with similar ENSO/PDO conditions did not feature lows within this range. |
| 52° or above | 20.0% | 31.7% | The specific justification for this outcome was not provided in the research excerpt. |
| 44° to 45° | 0.0% | 0.0% | Analog years matching projected ENSO/PDO conditions did not record lows in this range. |
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
📈 April 30, 2026: 9.0pp spike
Price increased from 18.0% to 27.0%
Outcome: 50° to 51°
4. Market Data
Contract Snapshot
The market resolves to "Yes" if the minimum temperature recorded in Oklahoma City on May 1, 2026, is between 50-51°F, as reported by the National Weather Service's Climatological Report (Daily) for OKC; otherwise, it resolves to "No" since the event is mutually exclusive. Trading will cease at 11:59 PM local time on May 1, 2026. The official and final outcome is solely determined by the NWS Climatological Report for Oklahoma City Will Rogers Airport, and traders should be cautious when interpreting preliminary NWS data due to potential rounding or conversion nuances.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| 50° to 51° | $0.31 | $0.74 | 27% |
| 52° or above | $0.21 | $0.86 | 20% |
| 46° to 47° | $0.18 | $0.91 | 12% |
| 43° or below | $0.06 | $0.97 | 4% |
| 44° to 45° | $0.10 | $0.95 | 0% |
| 48° to 49° | $0.35 | $0.73 | 0% |
Market Discussion
Limited public discussion available for this market.
5. What is the May 1st low temperature frequency for OKC (1991-2020)?
| May 1st Low Temp Frequency (1991-2020) | Not available in specified market brackets [^] |
|---|---|
| Average Minimum May Temperature (1991-2020) | 59.3°F [^] |
| Daily Frequency Distribution Access | Not directly accessible for individual days in specific temperature brackets [^] |
6. What ENSO Predictions and Historical Temperatures Are Forecast?
| La Niña Probability (MAM 2026) | 55% [^], [^], [^], [^] |
|---|---|
| Neutral Conditions Probability (MAM 2026) | 30% [^], [^], [^], [^] |
| Average May 1st Low Temperature (Oklahoma City) | 52°F [^] |
7. How Do PDO Phases Affect Oklahoma City May 1st Temperatures?
| Current PDO Phase | Cold (negative) [^] |
|---|---|
| Risk of PDO Phase Shift | Increasing risk for a return to warm (positive) phase [^] |
| OKC May 1st Average Low Temperature | Approximately 56°F [^] |
8. How Has Oklahoma City's Last Spring Freeze Date Shifted?
| Average Last Spring Freeze (1994-2003) | April 3 [^] |
|---|---|
| Average Last Spring Freeze (2014-2023) | March 26 [^] |
| Shift in Average Last Spring Freeze Date | 8 days earlier [^] |
9. What are the projected 2026 climate conditions and analog temperatures?
| Projected 2026 ENSO State | La Niña (April-June 2026) [^] |
|---|---|
| Projected 2026 PDO State | Negative [^] |
| Top Analog Years (since 1980) | 1988, 2000, 2011 [^] |
10. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Strike Date: May 02, 2026
- Expiration: May 08, 2026
- Closes: May 02, 2026
11. Decision-Flipping Events
- Trigger: Catalyst analysis unavailable.
13. Historical Resolutions
Historical Resolutions: 20 markets in this series
Outcomes: 3 resolved YES, 17 resolved NO
Recent resolutions:
- KXLOWTOKC-26APR29-T48: YES (Apr 30, 2026)
- KXLOWTOKC-26APR29-T41: NO (Apr 30, 2026)
- KXLOWTOKC-26APR29-B47.5: NO (Apr 30, 2026)
- KXLOWTOKC-26APR29-B45.5: NO (Apr 30, 2026)
- KXLOWTOKC-26APR29-B43.5: NO (Apr 30, 2026)
Get Real-Time Research Updates
Sign up for early access to live reports, historical data, and AI-powered market insights delivered to your inbox.