Patent ID: 8478683

Claim:
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 for selection by a customer, wherein the commodity offering includes two or more associations, each association including a strike price, a premium, and a offer quantity; receiving, at the computer processor, indication of a purchase of the commodity offering by the customer, wherein the purchase includes a selection of one of the two or more associations and an indication of payment of the premium of the selected association; receiving, at the computer processor, an indication of an exercise of the purchased commodity offering including an exercise price and an exercise quantity; updating, by the computer processor, a remaining offer quantity associated with the purchased commodity offering based on the exercise quantity and the offer quantity of the selected association; and providing payment to the customer for the exercised commodity offering based on the strike price of the selected association, the exercise price, and the exercise quantity.