I kid you not.

[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.”

 

[Frixxxx]

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

 

[WorkFE]

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

 

[tsptalk]

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

 

[FAB1]

Chicago Weather Brokerage

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

 

[crws]

Can you be sure what kind of snow?