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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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Re: I kid you not.
I'm sure these wallflowers will NOT make the Birchtree Index!:suspicious:
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Re: I kid you not.
We cal that the Over/Under in the gambling world.
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Re: I kid you not.
Quote:
Originally Posted by
James48843
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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Re: I kid you not.
Chicago Weather Brokerage
Crime town - that tells you all you need to know.:sick:
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Re: I kid you not.
Can you be sure what kind of snow?