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Texas Category 3 Landfall (All Stocks | | )
This stock has been paid out and is no longer active. It was paid out on 12/18/08.
Stock Description | Rules
Category 3 hurricane (or greater) to make first landfall in Texas.
The eye of the storm will be used to determine landfall.
This contract will expire at $100 if a Category 3 (or higher) storm makes first landfall in the United States in the state specified in the contract.
The contract will expire at $0 if a Category 3 (or higher) storm DOES NOT make first landfall in the United States in the state specified in the contract.
Expiry will be based on information published by the National Hurricane Center.
For the contract to expire at $100 the "eye" of the storm must have made landfall in the state specified in the contract.
Barrier islands, (such as the Florida Keys and Outer Banks) will NOT be considered when determining an eye-wall landfall.
For expiry purposes only the first US state struck will be used for expiration purposes.
If a storm makes first landfall in two states at the same time then the contract for each state will expire at $100.
Sectors and Categories (All)
weather standard_markets natural_disaster (Add)