Patent ID: 8326731
Filing Date: 2012-12-04
Classification: G06Q

Abstract:
1. A computer processor-implemented method to provide commodity offerings, comprising: setting at least one commodity offering term for a commodity offering; determining, by a computer processor, at least one commodity offering pricing value based on the at least one commodity offering term and at least one commodity offering pricing model for the commodity offering; providing the commodity offering, including at least one association based on the commodity offering pricing value between a strike price and a premium, for selection by a customer; receiving a customer selection of the at least one association; processing, by the computer processor, a first payment from the customer, wherein the first payment is based on the customer selection and the premium; processing, by the computer processor, a second payment to a retailer upon exercise of the commodity offering by the customer at the retailer; processing a third payment, to the customer, wherein the third payment is based on a difference between the strike price and a geographically averaged commodity price; recording, by the computer processor, selection and exercise of commodity offerings in a customer behavior database; and modifying, by the computer processor, the at least one commodity offering pricing model based on the customer behavior database.