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Re: CME's Weather Futures & Options



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        Hi Dick,

        I think I heard that you can trade water options on the Pacific
Exchange (no pun intended).  Did you know that the US is the only country in
the world ware bottled water is more expensive than gasoline.  What does
that say about our society?

        I think I'll go long some Aug.99 Heat degree day (HDD) calls and
short some Feb 2000 Cooling degree day (CDD) puts.  Do you think I can do a
delta neutral spread that way?  How about an Iron butterfly?  The scary
thing is there are probably all ready people writing books ($877.00) and
planning "educational" seminars (Wade Cook).  I think I'll get the jump on
them.  How bout " Double Your Money Every 30 Days in Weather Options"  No
refunds, no trading statements. {;-)

                                            Good luck and good trading,
                                                        Ray Raffurty
-----Original Message-----
From: Dick Webb <dickwebb711@xxxxxxxxx>
To: RAY RAFFURTY <rrraff@xxxxxxxx>; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
Date: Thursday, March 18, 1999 9:18 PM
Subject: Re: CME's Weather Futures & Options


>Ray,
>The US and europe have something in abundance drinkable water. What
>about spring water futures?
>
>Dick
>
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>==
>Big Lucky Dick
>
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