Patent ID: 11869082
Assignee: CFPH, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 5:
6. A method comprising:
receiving, by at least one processor, from a remote device a plurality of longitude and latitude coordinate pairs;
generating in a memory, by the at least one processor, an association between a given longitude and latitude pair and each zip code within a radius of the given longitude and latitude pair;
detecting, by the at least one processor, a selection of a given zip code;
rendering, by the at least one processor, a graphical representation of a map on a display device and a circle around the given zip code, the circle having a predetermined area;
changing, by the at least one processor, a shade level of the circle, the shade level indicating an available a binary option based on whether a hurricane will make landfall within the zip code represented by the circle shown on the map;
rendering, by the at least one processor, on the display device a plurality of landfall probabilities on the map;
detecting, by the at least one processor, a selection of the circle via the display;
in response to detecting the selection of the circle, receiving, by the at least one processor, data indicative of a request to purchase the binary option;
receiving, by the at least one processor, from a remote device a landfall location of the hurricane;
identifying, by the at least one processor, whether the landfall location corresponds to the given zip code; and
in response to identifying whether the landfall location corresponds to the given zip code, calculating, by the at least one processor, a payout of the binary option such that the payout is at least partially based on a strength of a hurricane.