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.”

I'm sure these wallflowers will NOT make the Birchtree Index!:suspicious:

We cal that the Over/Under in the gambling world.

Quote:

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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.”

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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

Chicago Weather Brokerage

Crime town - that tells you all you need to know.:sick:

Can you be sure what kind of snow?