England v India

Interesting markets on yesterday’s England v India game. Sod’s law dictated that I was with the family all weekend so did not get chance to trade it… what an opportunity missed! To make matters worse I was listening to TMS in the car and was unable to capitalise on a spot that would have netted many thousands in profit had I been in front of the computer.
 
The weather meant that the completed match market was all over the place. Those at the ground filled their boots as it swung this way and that. When play eventually resumed the ICC had made it clear that any more rain would mean the game would be called off completely (I’ll ignore the fact that with floodlights play could have gone on until late). So when the rain came after a few overs of play people steamed in to the completed match market. From memory “No” was trading at 1.5x at the time. In a matter of seconds it was down to low 1.0x.

This is where the entry opportunity arrived. TMS announced that the ICC had decided that play could go on to 8.30 pm, notwithstanding what they had said before the play started. On hearing this news the guys in front of their PCs filled their boots. The price quickly blew out to 1.8x. Here is one photo posted on Twitter by Bossman, writer of the megarain blog:

Great work Bossman. Gutted to have missed the opportunity but there will be others.

An interesting postscript to this is that it turns out the ICC match committee had made the decision to extend to 8.30 on Sunday morning but had not announced it! The guys that piled in on “No” when the players went off are no doubt seething.

 

Weather trading is an important adjunct to cricket trading. If you are not adept at both there will be plenty of occasions when you're sat around waiting for the skies to clear and having to listen to Nick Knight!