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Thread: I kid you not.

  1. #1

    Join Date
    Apr 2005
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    Default I kid you not.

    I kid you not -- snow derivatives.

    Big storms drive trade in snow derivatives

    ”Jeff Hodgson of the Chicago Weather Brokerage sells snowfall derivatives. Here's how they work:

    JEFF HODGSON: I'm going to pay $10,000, and if it snows over 40 inches in Chicago, that option will be worth over $25,000. If it doesn't snow over that level, then I lose my $10,000.”


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  3. #2

    Join Date
    Feb 2007
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    San Diego, CA
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    6,949

    Default Re: I kid you not.

    I'm sure these wallflowers will NOT make the Birchtree Index!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

  4.  
  5. #3

    Join Date
    Sep 2008
    Location
    Kentucky
    Posts
    4,706

    Default Re: I kid you not.

    We cal that the Over/Under in the gambling world.
    In Dog Beers I've only had two.

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  7. #4

    Default Re: I kid you not.

    Quote Originally Posted by James48843 View Post
    I kid you not -- snow derivatives.

    Big storms drive trade in snow derivatives

    ”Jeff Hodgson of the Chicago Weather Brokerage sells snowfall derivatives. Here's how they work:

    JEFF HODGSON: I'm going to pay $10,000, and if it snows over 40 inches in Chicago, that option will be worth over $25,000. If it doesn't snow over that level, then I lose my $10,000.”
    I wonder if they'll start giving out free show and buffet tickets with each position.

    I think you can make the same bet here: www.intrade.com

    1-800-gambler

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  9. #5

    Default Re: I kid you not.

    Chicago Weather Brokerage

    Crime town - that tells you all you need to know.
    I like TSPTalk and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.

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  11. #6

    Join Date
    May 2010
    Location
    Vancouver, USA
    Posts
    1,648

    Default Re: I kid you not.

    Can you be sure what kind of snow?

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