How many 6oz yogurts can you eat in 12 hours? - Nubblies.net Forums

DJ FC · 12-02-2007, 09:49 PM

On Friday, everybody at work exploded into a frenzy of trading. Not the things they were supposed to be trading. Nope, a market, and a rather efficient one at that, came out of nowhere on how many yogurts a friend of ours can consume in a 12 hour period.

I was working on the floor of the Chicago Board of Trade at the time, when I heard over our headset "Hey, some Eurodollar clerk up here is trying to see how many yogurts he can eat in 12 hours, the market is going out 60-70" This was one of our upstairs traders communicating to our pit traders. The pit traders took interest, and I began brokering trades through AIM and over the phone. First an explanation of what is going on:

This guy, Dave, is going to eat as many yogurts as he can in 12 hours. Some people are trading Over/Under contracts, but the vast, vast majority of the trades are futures style. A futures style trade doesn't have a set payout for win or loss, it only merely depends on how many Dave eats. For example: If I buy the 50 yogurt futures contract, I win $1 for every yogurt above 50 that he eats, and lose $1 for every one he doesn't eat. When people say the market is "X Y" it means there are buyers who are willing to pay X in the futures market and sellers who are willing to sell at a price of Y. So the initial market (60-70) means with no negotiations you could bet that Dave would eat more than 70 yogurts or less than 60. Or you could tighten the market, make it 62-68 and see if anybody is willing to sell you 62s or buy your 68s.

Now, people started trading this thing like crazy, and the market tightened up quite a bit. Within an hour it was trading 60-62, and people began trading options on this. Hundred lots of futures were traded. This means that for every yogurt eaten or not eaten $100 changes hands.

A call option gives someone the right to buy at a certain level. A put option gives someone the right to sell at a certain level. So if you pay 5 for the 60 call and he only gets to 60, you only lose your original 5. But if he gets to 61, you get to buy at 60 thus you lose 4. At 65 you break even. Puts are the opposite.

The combination of a call and a put is called a straddle. The 50 yogurt straddle market went out 14 17, meaning people were willing to pay $14 for a 50 yogurt call plus a 50 yogurt put (which implies break even points of 64 yogurts and higher or 36 yogurts and lower) and were willing to sell the straddle for 17. This is the simplest combination of options. People were trading complex option packages trying to "pick off" each other. Things like Call Trees, Butteryflies, Condors, and Iron Flys. This is not important to the story.

So everybody gets into this ferver of trading, and lots and lots of bets are made. By my estimation there must have been $50,000 of bets made, just disgusting. Then the guys in New York and London hear about this, and they want a piece of the action. So New York and London start pushing the market down, and it settled Friday at 50-51, an incredibly tight market for something nobody knows anything about. Lots of things are trading and everybody is talking about it. Everybody stands to make or lose a great deal of money.

This is all going down next Saturday. The contestant is allowed to consume anything over the counter (no prescription medication), is allowed to eat non-fat 6 oz yogurts which are roughly 80 calories each. He is betting a lot of money that he can eat a lot. Above 60 yogurts he earns $100 each.

I'm long, which means I'm betting he will eat a lot. I bought 61 yogurts, bought the 55 yogurt call, and sold the 50 yogurt puts, these are my major trades. I've also sold some straddles and have some minor trades on as well. My break even is 47 yogurts. But I'm confident he can eat a lot more than that.

What do people feel about this? Have I been clear enough? I think its awesome and it's a fuckload of fun.

Mr. Blonde · 12-02-2007, 10:17 PM

lol, it sounds really funny, even though I have no fucking idea how trading works at all. But i'm willing to bet that he can't eat 60. no way. I eat yogurt by the fuck ton, and there's no way I could do 12 hour period. That's 22.5 POUNDS of yogurt, dude. are there any variables, like throwing up?

Orgazmo · 12-02-2007, 10:51 PM

I'd like more info about the details as well. There has to be a vomit clause...otherwise he'd just continue to eat through the sickness.

BigDongedHoe · 12-02-2007, 10:56 PM

It'd be the same as trying to drink a gallon of milk wouldn't it? He would eventually have to start puking.

DJ FC · 12-02-2007, 11:06 PM

1) Yogurt is 80% water.
2) He can take lactaid for the lactose (which there isn't as much as milk anyways).
3) If he pukes it is -1 yogurt and it ends. So if he pukes his 80th, the final tally is 79.
4) To eat 50 is only about 3 gallons, 80% of which is water, and only 4000 calories.

Beebs · 12-03-2007, 01:27 AM

That could honestly be used as a handout in a mid level investments class.

Ugly Bastard · 12-03-2007, 01:41 AM

Can I short this somehow? ...like, for a lot?

DJ FC · 12-03-2007, 06:44 AM

Yes.

If you want to sell me 45s I'll buy them.

f3lix · 12-03-2007, 07:49 AM

I have a good buddy in Vegas that use to work at the CBT and he talks about the eating bets they'd make and all the action from the floor. 10 big macs in 30 minutes and the such. That and how they'd put the guy up in the loft with clear windows so that everybody could watch it go down. Funny shit.

Heaven Can Wait · 12-03-2007, 11:56 AM

How big is the guy?

Ugly Bastard · 12-03-2007, 01:36 PM

I thought you said its trading between 50 and 51?

Cocktooth · 12-03-2007, 01:44 PM

Be careful. UB will pay the guy 20 bucks to not eat as many cups. He has become shady like that!!!

Ironic Mustache · 12-03-2007, 02:41 PM

Quote:

How big is the guy?

This doesn't necessarily mean anything.

Heaven Can Wait · 12-03-2007, 03:43 PM

Not on its own it doesn't, but say this guy is bulking or something, getting upwards of 5000 calories on a regular basis, then stomach can stretch and hold a lot more.

DJ FC · 12-03-2007, 10:05 PM

He's normal sized and athletic. But not huge.

THEINCREDIBLEdork · 12-03-2007, 10:19 PM

What's his rating on Hot or Not?

Repugnant Abomination · 12-03-2007, 11:37 PM

ur my bitch · 12-04-2007, 05:10 PM

that's awesome. he's gonna puke. but you have to make some caveat's, like he can;t eat anything else but yogurt during the 12 hours.

we did this shit on the desk back in the day. but we did our bet with dougnuts. It was how many doughnuts can one of the traders eat in an hour. no milk, no water. no other food. just dougnuts and kickoff time was 6:30am. fucker was puking after 6 1/2. he claimed he could do 12 easy

Mr. Blonde · 12-04-2007, 06:18 PM

Quote:

Originally Posted by George W. Bush

1) Yogurt is 80% water.
2) He can take lactaid for the lactose (which there isn't as much as milk anyways).
3) If he pukes it is -1 yogurt and it ends. So if he pukes his 80th, the final tally is 79.
4) To eat 50 is only about 3 gallons, 80% of which is water, and only 4000 calories.

I don't know man, 12 hours...3 gallons.... (processing and other things in the yogurt aside) could you keep down 3 gallons of water in 12 hours?

Orgazmo · 12-04-2007, 06:23 PM

I think 3 gallons of water in 12 hours would be a piece of cake.

Ironic Mustache · 12-04-2007, 06:32 PM

That's nothing. I had to drink a gallon and a half in 30 minutes once, and it was no problem. I'm pretty sure in the next 11.5 hours I could have repeated the process.

I'd be impressed with 12 gallons in three hours though.

Mr. Blonde · 12-04-2007, 07:11 PM

well, i guess i've never tried and added together, i guess i do drink a lot of water in a day. Not really 3 gallons by a longshot but if i don't eat i'm sure i could i guess. Who fucking knows dude. I'M A BADASS, NOT A SCIENTIST! I CAN'T POSSIBLY KNOW THESE THINGS!

...now if it was plaster.....

THEINCREDIBLEdork · 12-04-2007, 08:14 PM

DJ FC · 12-04-2007, 10:11 PM

Quote:

Originally Posted by ur my bitch

that's awesome. he's gonna puke. but you have to make some caveat's, like he can;t eat anything else but yogurt during the 12 hours.

we did this shit on the desk back in the day. but we did our bet with dougnuts. It was how many doughnuts can one of the traders eat in an hour. no milk, no water. no other food. just dougnuts and kickoff time was 6:30am. fucker was puking after 6 1/2. he claimed he could do 12 easy

He's allowed to do pretty much anything he wants. He can eat anything else he wants. He can work out. He can eat different kinds of yogurt, and he can take anything that is sold over the counter. If he pukes the game is over with only -1 yogurt penalty.

I think he can get to 60 easy.

If he gets to 80 I make something like 500 bucks.

Beebs · 12-04-2007, 11:59 PM

What does "Dave" have staked in this bet?

Follow up question; is he beyond curroption?

Another follow up; is he proud enough to be driven to go as far as possible if he doesn't have a bid biased towards eating alot?

12-02-2007, 09:49 PM	#1 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 250185	How many 6oz yogurts can you eat in 12 hours? On Friday, everybody at work exploded into a frenzy of trading. Not the things they were supposed to be trading. Nope, a market, and a rather efficient one at that, came out of nowhere on how many yogurts a friend of ours can consume in a 12 hour period. I was working on the floor of the Chicago Board of Trade at the time, when I heard over our headset "Hey, some Eurodollar clerk up here is trying to see how many yogurts he can eat in 12 hours, the market is going out 60-70" This was one of our upstairs traders communicating to our pit traders. The pit traders took interest, and I began brokering trades through AIM and over the phone. First an explanation of what is going on: This guy, Dave, is going to eat as many yogurts as he can in 12 hours. Some people are trading Over/Under contracts, but the vast, vast majority of the trades are futures style. A futures style trade doesn't have a set payout for win or loss, it only merely depends on how many Dave eats. For example: If I buy the 50 yogurt futures contract, I win $1 for every yogurt above 50 that he eats, and lose $1 for every one he doesn't eat. When people say the market is "X Y" it means there are buyers who are willing to pay X in the futures market and sellers who are willing to sell at a price of Y. So the initial market (60-70) means with no negotiations you could bet that Dave would eat more than 70 yogurts or less than 60. Or you could tighten the market, make it 62-68 and see if anybody is willing to sell you 62s or buy your 68s. Now, people started trading this thing like crazy, and the market tightened up quite a bit. Within an hour it was trading 60-62, and people began trading options on this. Hundred lots of futures were traded. This means that for every yogurt eaten or not eaten $100 changes hands. A call option gives someone the right to buy at a certain level. A put option gives someone the right to sell at a certain level. So if you pay 5 for the 60 call and he only gets to 60, you only lose your original 5. But if he gets to 61, you get to buy at 60 thus you lose 4. At 65 you break even. Puts are the opposite. The combination of a call and a put is called a straddle. The 50 yogurt straddle market went out 14 17, meaning people were willing to pay $14 for a 50 yogurt call plus a 50 yogurt put (which implies break even points of 64 yogurts and higher or 36 yogurts and lower) and were willing to sell the straddle for 17. This is the simplest combination of options. People were trading complex option packages trying to "pick off" each other. Things like Call Trees, Butteryflies, Condors, and Iron Flys. This is not important to the story. So everybody gets into this ferver of trading, and lots and lots of bets are made. By my estimation there must have been $50,000 of bets made, just disgusting. Then the guys in New York and London hear about this, and they want a piece of the action. So New York and London start pushing the market down, and it settled Friday at 50-51, an incredibly tight market for something nobody knows anything about. Lots of things are trading and everybody is talking about it. Everybody stands to make or lose a great deal of money. This is all going down next Saturday. The contestant is allowed to consume anything over the counter (no prescription medication), is allowed to eat non-fat 6 oz yogurts which are roughly 80 calories each. He is betting a lot of money that he can eat a lot. Above 60 yogurts he earns $100 each. I'm long, which means I'm betting he will eat a lot. I bought 61 yogurts, bought the 55 yogurt call, and sold the 50 yogurt puts, these are my major trades. I've also sold some straddles and have some minor trades on as well. My break even is 47 yogurts. But I'm confident he can eat a lot more than that. What do people feel about this? Have I been clear enough? I think its awesome and it's a fuckload of fun.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.

12-02-2007, 10:17 PM	#2 (permalink)
Mr. Blonde Spice Master Join Date: Jan 2004 Posts: 17,969 Internets: 278288	lol, it sounds really funny, even though I have no fucking idea how trading works at all. But i'm willing to bet that he can't eat 60. no way. I eat yogurt by the fuck ton, and there's no way I could do 12 hour period. That's 22.5 POUNDS of yogurt, dude. are there any variables, like throwing up?
	Psychedelics are illegal not because a loving government is concerned that you may jump out of a third story window. Psychedelics are illegal because they dissolve opinion structures and culturally laid down models of behavior and information processing. ― Terence McKenna

12-02-2007, 10:56 PM	#4 (permalink)
BigDongedHoe Sex Kitten Milf fuuucck Join Date: Feb 2002 Location: Denver, CO Posts: 3,704 Internets: 55974	It'd be the same as trying to drink a gallon of milk wouldn't it? He would eventually have to start puking.
	There's life and then there is Cubs baseball, it's a chore to seperate the two.

12-02-2007, 11:06 PM	#5 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 250185	1) Yogurt is 80% water. 2) He can take lactaid for the lactose (which there isn't as much as milk anyways). 3) If he pukes it is -1 yogurt and it ends. So if he pukes his 80th, the final tally is 79. 4) To eat 50 is only about 3 gallons, 80% of which is water, and only 4000 calories.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.

12-03-2007, 06:44 AM	#8 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 250185	Yes. If you want to sell me 45s I'll buy them.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.

12-02-2007, 10:51 PM	#3 (permalink)
Orgazmo COME ON YOU YANKS Join Date: Feb 2002 Location: Indiana Posts: 15,699 Internets: 305662	I'd like more info about the details as well. There has to be a vomit clause...otherwise he'd just continue to eat through the sickness.

12-03-2007, 01:27 AM	#6 (permalink)
Beebs Poor Sport Join Date: Feb 2004 Location: Indianapolis / Middlebury / Long Lake Posts: 5,306 Internets: 127341	That could honestly be used as a handout in a mid level investments class.

12-03-2007, 01:41 AM	#7 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	Can I short this somehow? ...like, for a lot?

12-03-2007, 07:49 AM	#9 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	I have a good buddy in Vegas that use to work at the CBT and he talks about the eating bets they'd make and all the action from the floor. 10 big macs in 30 minutes and the such. That and how they'd put the guy up in the loft with clear windows so that everybody could watch it go down. Funny shit.

12-03-2007, 11:56 AM	#10 (permalink)
Heaven Can Wait English. Join Date: Aug 2005 Location: England Posts: 868 Internets: 179	How big is the guy?
	there is little I wouldn't do for a dolphin.

12-03-2007, 01:36 PM	#11 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	I thought you said its trading between 50 and 51?

12-03-2007, 01:44 PM	#12 (permalink)
Cocktooth Senior Member Join Date: Jul 2003 Location: Warsaw Posts: 4,220 Internets: 124047	Be careful. UB will pay the guy 20 bucks to not eat as many cups. He has become shady like that!!!
	Nubblies: If we put up with Felix, we will put up with you too.

12-03-2007, 03:43 PM	#14 (permalink)
Heaven Can Wait English. Join Date: Aug 2005 Location: England Posts: 868 Internets: 179	Not on its own it doesn't, but say this guy is bulking or something, getting upwards of 5000 calories on a regular basis, then stomach can stretch and hold a lot more.
	there is little I wouldn't do for a dolphin.

12-03-2007, 10:05 PM	#15 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 250185	He's normal sized and athletic. But not huge.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.

12-03-2007, 10:19 PM	#16 (permalink)
THEINCREDIBLEdork Emperor Meow Join Date: Sep 2004 Posts: 9,316 Internets: 284585	What's his rating on Hot or Not?
	#YOLO

12-03-2007, 11:37 PM	#17 (permalink)
Repugnant Abomination Almost there... Join Date: Feb 2005 Posts: 5,979 Internets: 161638	lol

12-04-2007, 05:10 PM	#18 (permalink)
ur my bitch Senior Member Join Date: Jul 2005 Location: NY Posts: 540 Internets: 406	that's awesome. he's gonna puke. but you have to make some caveat's, like he can;t eat anything else but yogurt during the 12 hours. we did this shit on the desk back in the day. but we did our bet with dougnuts. It was how many doughnuts can one of the traders eat in an hour. no milk, no water. no other food. just dougnuts and kickoff time was 6:30am. fucker was puking after 6 1/2. he claimed he could do 12 easy

12-04-2007, 06:23 PM	#20 (permalink)
Orgazmo COME ON YOU YANKS Join Date: Feb 2002 Location: Indiana Posts: 15,699 Internets: 305662	I think 3 gallons of water in 12 hours would be a piece of cake.

12-04-2007, 06:32 PM	#21 (permalink)
Ironic Mustache G'd up from the feet up. Join Date: Jan 2005 Location: Cali Posts: 7,146 Supreme Emperor of the Jiu Jitsu Shit Forum?: Yes Internets: 114735	That's nothing. I had to drink a gallon and a half in 30 minutes once, and it was no problem. I'm pretty sure in the next 11.5 hours I could have repeated the process. I'd be impressed with 12 gallons in three hours though.
	Creeping around as I please nonchalantly like any other Supreme Emperor might.

12-04-2007, 07:11 PM	#22 (permalink)
Mr. Blonde Spice Master Join Date: Jan 2004 Posts: 17,969 Internets: 278288	well, i guess i've never tried and added together, i guess i do drink a lot of water in a day. Not really 3 gallons by a longshot but if i don't eat i'm sure i could i guess. Who fucking knows dude. I'M A BADASS, NOT A SCIENTIST! I CAN'T POSSIBLY KNOW THESE THINGS! ...now if it was plaster.....
	Psychedelics are illegal not because a loving government is concerned that you may jump out of a third story window. Psychedelics are illegal because they dissolve opinion structures and culturally laid down models of behavior and information processing. ― Terence McKenna

12-04-2007, 08:14 PM	#23 (permalink)
THEINCREDIBLEdork Emperor Meow Join Date: Sep 2004 Posts: 9,316 Internets: 284585	rofl
	#YOLO

12-04-2007, 11:59 PM	#25 (permalink)
Beebs Poor Sport Join Date: Feb 2004 Location: Indianapolis / Middlebury / Long Lake Posts: 5,306 Internets: 127341	What does "Dave" have staked in this bet? Follow up question; is he beyond curroption? Another follow up; is he proud enough to be driven to go as far as possible if he doesn't have a bid biased towards eating alot?
	Last edited by Beebs; 12-05-2007 at 12:01 AM.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
post your transcript	theMerciless1	Jibberish	16	12-15-2005 02:17 PM
British pubs ready to stay open 24 hours a day	DJ FC	News	1	02-08-2005 01:25 AM