PMWeather|$34.5k Vol|
time19 hrs 41 mins

Highest temperature in Chicago on March 19? - AI Odds Analysis

All Outcomes
Market Price
AI Fair Value
Value Edge
52-53°F
YesNo
46-47°F
YesNo
48-49°F
YesNo
54-55°F
YesNo
44-45°F
YesNo
56°F or higher
YesNo
42-43°F
YesNo
50-51°F
YesNo
38-39°F
YesNo
40-41°F
YesNo
37°F or below
YesNo
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AI Insights:

03.17 16:27 Updated
Fair Value Reasoning:
Based on market price dynamics on March 17, 2026, meteorological models appear to have undergone a significant correction in the last 12 hours, shifting from a 'significant warming' (54°F+) outlook to a 'moderate warming' one. The price of the '48-49°F' option surged today while '54-55°F' and higher options collapsed, suggesting that the latest weather guidance (likely 12z models) has lowered the high-temperature forecast by approximately 3-5 degrees Fahrenheit. The most probable landing zone is now concentrated between 48°F and 51°F. While '50-51°F' remains a strong contender, the momentum in '48-49°F' suggests it is undervalued relative to the new data. With less than 48 hours to resolution, the confidence interval is narrowing, and probabilities for tail extremes (<44°F or >54°F) should be aggressively cut.

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Movers
March 17, 2026 - March 17, 2026, the price of '48-49°F' surged from 14c to 26.5c, while '54-55°F' collapsed from 18c to 6.5c and '56°F or higher' dropped from 16c to 7c. The reason is that as the target date (March 19) approaches, weather models corrected previous overly aggressive warming forecasts, lowering the peak temperature expectation to around 50 degrees. This caused the value of the high-temperature tail options to collapse, with capital rapidly rotating into the moderate temperature range. March 15, 2026 - March 16, 2026, prices for multiple low-temperature options (e.g., 40-41°F, 44-45°F) halved. The reason was weather forecasts confirming the arrival of a warm front on Thursday, effectively eliminating low-temperature scenarios.

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Highest temperature in Chicago on March 19? - AI Odds Analysis