Exchange Traded Hurricane Contracts

The National Oceanic and Atmospheric Administration (NOAA) forecasts a “near normal” hurricane season, and so far there have not been any named storms in the Atlantic. NOAA forecasts are closely watched by insurers, investors, and property owners for obvious reasons. After a number of active years, most everyone would like a boring season for 2009. Read this article for information on new option contracts that are now trading based on the outcome of the hurricane season.

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