This document discusses using binary options on the Nadex exchange to take short-term directional views on underlying markets like the S&P 500. It provides examples of buying different binary contracts that would profit from the market rising to various levels by the end of the day. The bids and offers on the contracts represent the market's consensus probabilities about the likelihood of the underlying reaching those levels. Strategies include buying contracts requiring small moves for high probability outcomes or large moves for lower probability, high reward outcomes. Spreads across contracts can also reduce risk.
CMC Markets Trading Smart Series: Dealing with riskCMCMarketsSG
The document provides information on risk management strategies for CFD traders. It discusses the importance of risk management, even when using strategies that have been successful. Specific risk management techniques are recommended, including: limiting the amount of capital devoted to trading; always using stop-loss orders to cut losses on every trade; and using fixed percentage position sizing to relate position size to a fixed percentage of account risk, such as 1-2% per trade. An example is provided to illustrate how to calculate position size using fixed percentage position sizing based on a trader's account size and initial stop-loss level. The document emphasizes that risk management is key to preserving capital and trading successfully over the long run.
Hedging is an investment strategy employed to reduce risk from market fluctuations. It involves taking offsetting positions, such as holding securities that move inversely to other investments in a portfolio. The goal of hedging is to limit losses without significantly reducing potential gains. Common hedging instruments include futures, options, and diversifying asset types. While hedging reduces risk, it provides no guarantee and perfect hedges are difficult to achieve.
Revolution Asset Management offers a hedged equity strategy that seeks to mirror benchmarks like the CBOE Put Index. The strategy maintains a long position in equities and carefully selected hedges, adjusting the hedge monthly. It aims to outperform the market with significantly less risk through consistent hedging. The portfolio managers have extensive experience in equities, derivatives, and risk management. They employ strategies like put writing, buy writes, and volatility spreads to generate premiums and lower portfolio risk.
The document provides an analysis of expected returns in high yield bonds. It begins by outlining methods for accurately assessing risk, return, and the economic viability of investments in high yield corporate bonds. Key aspects include adjusting yield for expected default rates, calculating break-even default rates, and comparing risk-adjusted returns. The document then applies these methods to current high yield bond indices, finding that CCC bonds have negative expected returns, making them uneconomic, while BB bonds appear economically justified based on their expected returns relative to risk-free benchmarks. Caveats to the analysis are also noted.
This document provides 11 tips for staying calm during volatile markets:
1. Have a predetermined investment plan and guidelines to prevent emotional decisions.
2. Understand your portfolio's holdings and why you own each asset.
3. Remember that diversification and comparing performance to benchmarks can provide perspective on fluctuations.
4. Volatility is temporary and markets have historically recovered, so don't make hasty decisions.
5. Learn from past mistakes and use experience to prepare for future ups and downs. Expert advice can also help navigate volatility.
6. Consider defensive sectors that may be less volatile during market swings. Dividends can also provide stability.
7. Continuing regular savings
This document proposes a new strategy called Random Positive Bets (RPB) for optimally diversifying investment portfolios. RPB aims to identify independent sources of randomness in the market that have reliable positive risk premiums. It uses principal component analysis to identify the most significant sources of randomness contributing to the market. It then applies metrics like the Randomness Deficiency Coefficient and principal portfolio positivity to identify a set of reliable random positive bets. Portfolios are optimized by maximizing their diversified positive risk premium. The performance of RPB and other diversification strategies is contrasted using a portfolio of 30 S&P 500 stocks over a two-year out-of-sample period. The document introduces the concept of diversification
The document outlines Joe Kostner's final decision checklist that he uses before making an investment. It contains 8 items that evaluate whether the decision maker is tired, has done sufficient research, understands the business, has conservative balance sheet and good management, provides value to customers, has downside protection from a moat or assets, and has significantly more upside than downside potential. The checklist is meant to help stay disciplined and avoid mistakes by fully understanding a business before investment.
This document provides 11 tips for staying calm and maintaining a long-term perspective during volatile markets. Some key tips include having a predetermined investment plan, understanding what you own and why, remembering that diversification helps reduce risk, continuing regular investments, and making only gradual changes rather than impulsive overhauls of your portfolio during periods of high volatility. The overall message is that discipline, perspective, and patience are important tools for weathering market turbulence.
CMC Markets Trading Smart Series: Dealing with riskCMCMarketsSG
The document provides information on risk management strategies for CFD traders. It discusses the importance of risk management, even when using strategies that have been successful. Specific risk management techniques are recommended, including: limiting the amount of capital devoted to trading; always using stop-loss orders to cut losses on every trade; and using fixed percentage position sizing to relate position size to a fixed percentage of account risk, such as 1-2% per trade. An example is provided to illustrate how to calculate position size using fixed percentage position sizing based on a trader's account size and initial stop-loss level. The document emphasizes that risk management is key to preserving capital and trading successfully over the long run.
Hedging is an investment strategy employed to reduce risk from market fluctuations. It involves taking offsetting positions, such as holding securities that move inversely to other investments in a portfolio. The goal of hedging is to limit losses without significantly reducing potential gains. Common hedging instruments include futures, options, and diversifying asset types. While hedging reduces risk, it provides no guarantee and perfect hedges are difficult to achieve.
Revolution Asset Management offers a hedged equity strategy that seeks to mirror benchmarks like the CBOE Put Index. The strategy maintains a long position in equities and carefully selected hedges, adjusting the hedge monthly. It aims to outperform the market with significantly less risk through consistent hedging. The portfolio managers have extensive experience in equities, derivatives, and risk management. They employ strategies like put writing, buy writes, and volatility spreads to generate premiums and lower portfolio risk.
The document provides an analysis of expected returns in high yield bonds. It begins by outlining methods for accurately assessing risk, return, and the economic viability of investments in high yield corporate bonds. Key aspects include adjusting yield for expected default rates, calculating break-even default rates, and comparing risk-adjusted returns. The document then applies these methods to current high yield bond indices, finding that CCC bonds have negative expected returns, making them uneconomic, while BB bonds appear economically justified based on their expected returns relative to risk-free benchmarks. Caveats to the analysis are also noted.
This document provides 11 tips for staying calm during volatile markets:
1. Have a predetermined investment plan and guidelines to prevent emotional decisions.
2. Understand your portfolio's holdings and why you own each asset.
3. Remember that diversification and comparing performance to benchmarks can provide perspective on fluctuations.
4. Volatility is temporary and markets have historically recovered, so don't make hasty decisions.
5. Learn from past mistakes and use experience to prepare for future ups and downs. Expert advice can also help navigate volatility.
6. Consider defensive sectors that may be less volatile during market swings. Dividends can also provide stability.
7. Continuing regular savings
This document proposes a new strategy called Random Positive Bets (RPB) for optimally diversifying investment portfolios. RPB aims to identify independent sources of randomness in the market that have reliable positive risk premiums. It uses principal component analysis to identify the most significant sources of randomness contributing to the market. It then applies metrics like the Randomness Deficiency Coefficient and principal portfolio positivity to identify a set of reliable random positive bets. Portfolios are optimized by maximizing their diversified positive risk premium. The performance of RPB and other diversification strategies is contrasted using a portfolio of 30 S&P 500 stocks over a two-year out-of-sample period. The document introduces the concept of diversification
The document outlines Joe Kostner's final decision checklist that he uses before making an investment. It contains 8 items that evaluate whether the decision maker is tired, has done sufficient research, understands the business, has conservative balance sheet and good management, provides value to customers, has downside protection from a moat or assets, and has significantly more upside than downside potential. The checklist is meant to help stay disciplined and avoid mistakes by fully understanding a business before investment.
This document provides 11 tips for staying calm and maintaining a long-term perspective during volatile markets. Some key tips include having a predetermined investment plan, understanding what you own and why, remembering that diversification helps reduce risk, continuing regular investments, and making only gradual changes rather than impulsive overhauls of your portfolio during periods of high volatility. The overall message is that discipline, perspective, and patience are important tools for weathering market turbulence.
This story is about a young Roman girl named Ella who loses her parents at a young age. On her third birthday, she finds a letter from God saying he has a plan for her. Years later, after a tsunami wipes out most of Rome, Ella is the only survivor found by Moses, a young Jewish boy. Moses cares for Ella like a sister. They develop a close bond over the years until Ella's 10th birthday approaches and she insists they return to Rome to reunite with her parents, as the letter from God foretold.
Holistic learning is an approach to learning that focuses on creating webs of connections between concepts rather than compartmentalizing information. It involves linking new information to what is already known to form underlying understandings. This allows information to be retrieved through multiple pathways rather than relying on rote memorization of isolated facts. The document provides an example of how holistic learning allowed the author to win an academic contest by writing about soap chemistry despite not being directly taught the material, by drawing on various loosely related pieces of information.
Japanese Net cafe refugees!! Must watchdocchristian
This story is about a young Roman girl named Ella who loses her parents at a young age. On her third birthday, she finds a letter from God saying he has a plan for her. Years later, after a tsunami wipes out most of Rome, Ella is the only survivor found by Moses, a young Jewish boy. Moses cares for Ella like a sister. They develop a close bond over the years until Ella's 10th birthday approaches and she insists they return to Rome to reunite with her parents, as the letter from God foretold.
The document lists the national constituency winners for various districts in Pakistan's 2013 general election. It provides the name of the winning candidate, party affiliation if any, and number of votes received for each national assembly seat across several provinces and territories of Pakistan including Khyber Pakhtunkhwa, Punjab, Islamabad, FATA and others. Over 160 national assembly constituencies are detailed in the document with vote counts and winning candidates.
1) The document describes a modification of the game of Nim where players randomly select either an apple or orange from a bag before each turn. If an apple is selected, the player moves once, but if an orange is selected, the player must move twice and the bag is removed.
2) It provides background on the classic game of Nim and explains nimbers and strategies using nimber values to determine which player has the winning strategy.
3) The paper aims to analyze simple Nim games with chance and determine strategies given the probability p of selecting an apple.
Strategic Analysis on Water Resources in Pakistan.
Water Resources of Pakistan. Pakistan water resources.
Strategic Analysis of Water Resources in Pakistan.
This document summarizes the evolution of wireless mobile technologies from 1G to 4G. It discusses the key features and services of each generation including 1G, 2G, 2.5G, 3G and 4G. 1G provided basic voice calling using analog signals while 2G introduced digital technology and SMS. 3G enabled broadband data, video calls and Internet access on mobile devices. 4G provides significantly higher data rates and bandwidth to allow rich multimedia services to users on mobile networks. The document also outlines some challenges faced during adoption of 3G and considerations for deployment of 4G networks.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
A futures contract is an agreement to buy or sell an asset at a predetermined price and date in the future. Futures contracts are standardized and traded on an exchange. One party agrees to buy the asset while the other agrees to sell. Key terms include the underlying asset, settlement type, lot size, margins, and mark to market accounting of open positions. Arbitrage involves taking advantage of price differences in related markets to generate riskless profits.
Forward and futures contracts allow parties to lock in a price today for buying or selling an asset in the future. Futures contracts are traded on exchanges and have features like margin requirements and marking to market that reduce default risk. Both can be used for hedging to reduce price risk or for speculating to profit from price changes, with futures generally having lower upfront costs but potential for larger losses than options.
In 2022, gold futures investing will be created on the Oropocket platform. This will allow residents of all countries to invest in gold for a much cheaper investment fee compared to what is currently available on the market. This will also allow people in emerging countries with less stable banking systems to invest in a safe haven asset like gold.
A hedge is an investment position intended to offset potential losses/gains that
may be incurred by a companion investment. In simple language, a hedge is
used to reduce any substantial losses/gains suffered by an individual or an
organization.
A hedge can be constructed from many types of financial instruments, including
stocks, exchange-traded funds, insurance, forward contracts, swaps, options,
many types of over-the-counter and derivative products, and futures contracts.
Public futures markets were established in the 19th century[1] to allow
transparent, standardized, and efficient hedging of agricultural commodity
prices; they have since expanded to include futures contracts for hedging the
values of energy, precious metals, foreign currency, and interest rate
fluctuations.
Forward and futures contracts allow parties to lock in a price today for an asset to be purchased or sold in the future. Futures contracts are traded on exchanges and include margin requirements and daily price adjustments to account for price changes, while forward contracts are negotiated privately. These derivatives can be used to speculate by betting on price movements or to hedge and reduce risk from price changes in assets a party needs to buy or sell. The document compares using futures versus options for hedging and speculating purposes.
Chapter7 International Finance ManagementPiyush Gaur
George Johnson is considering a $100 million floating rate bank loan tied to LIBOR. He is concerned about LIBOR rising and wants to hedge this risk using December Eurodollar futures contracts. The contracts expire on December 20, 1999, have a $1 million contract size and 7.3% discount yield. Johnson will ignore cash flow implications of marking to market, initial margins, and timing differences between futures and interest payments.
1) Derivatives such as financial futures contracts, options, swaps, caps, floors and collars are used to manage interest rate risk.
2) Financial futures contracts work by establishing an agreement between a buyer and seller to deliver an underlying asset at a future date at a set price, allowing investors to hedge against interest rate fluctuations.
3) The basis risk of hedging with futures is the difference between the cash price of the underlying asset and the futures price, which can vary over time and impact hedging effectiveness. Managing the basis is important for successful hedging.
This story is about a young Roman girl named Ella who loses her parents at a young age. On her third birthday, she finds a letter from God saying he has a plan for her. Years later, after a tsunami wipes out most of Rome, Ella is the only survivor found by Moses, a young Jewish boy. Moses cares for Ella like a sister. They develop a close bond over the years until Ella's 10th birthday approaches and she insists they return to Rome to reunite with her parents, as the letter from God foretold.
Holistic learning is an approach to learning that focuses on creating webs of connections between concepts rather than compartmentalizing information. It involves linking new information to what is already known to form underlying understandings. This allows information to be retrieved through multiple pathways rather than relying on rote memorization of isolated facts. The document provides an example of how holistic learning allowed the author to win an academic contest by writing about soap chemistry despite not being directly taught the material, by drawing on various loosely related pieces of information.
Japanese Net cafe refugees!! Must watchdocchristian
This story is about a young Roman girl named Ella who loses her parents at a young age. On her third birthday, she finds a letter from God saying he has a plan for her. Years later, after a tsunami wipes out most of Rome, Ella is the only survivor found by Moses, a young Jewish boy. Moses cares for Ella like a sister. They develop a close bond over the years until Ella's 10th birthday approaches and she insists they return to Rome to reunite with her parents, as the letter from God foretold.
The document lists the national constituency winners for various districts in Pakistan's 2013 general election. It provides the name of the winning candidate, party affiliation if any, and number of votes received for each national assembly seat across several provinces and territories of Pakistan including Khyber Pakhtunkhwa, Punjab, Islamabad, FATA and others. Over 160 national assembly constituencies are detailed in the document with vote counts and winning candidates.
1) The document describes a modification of the game of Nim where players randomly select either an apple or orange from a bag before each turn. If an apple is selected, the player moves once, but if an orange is selected, the player must move twice and the bag is removed.
2) It provides background on the classic game of Nim and explains nimbers and strategies using nimber values to determine which player has the winning strategy.
3) The paper aims to analyze simple Nim games with chance and determine strategies given the probability p of selecting an apple.
Strategic Analysis on Water Resources in Pakistan.
Water Resources of Pakistan. Pakistan water resources.
Strategic Analysis of Water Resources in Pakistan.
This document summarizes the evolution of wireless mobile technologies from 1G to 4G. It discusses the key features and services of each generation including 1G, 2G, 2.5G, 3G and 4G. 1G provided basic voice calling using analog signals while 2G introduced digital technology and SMS. 3G enabled broadband data, video calls and Internet access on mobile devices. 4G provides significantly higher data rates and bandwidth to allow rich multimedia services to users on mobile networks. The document also outlines some challenges faced during adoption of 3G and considerations for deployment of 4G networks.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
A futures contract is an agreement to buy or sell an asset at a predetermined price and date in the future. Futures contracts are standardized and traded on an exchange. One party agrees to buy the asset while the other agrees to sell. Key terms include the underlying asset, settlement type, lot size, margins, and mark to market accounting of open positions. Arbitrage involves taking advantage of price differences in related markets to generate riskless profits.
Forward and futures contracts allow parties to lock in a price today for buying or selling an asset in the future. Futures contracts are traded on exchanges and have features like margin requirements and marking to market that reduce default risk. Both can be used for hedging to reduce price risk or for speculating to profit from price changes, with futures generally having lower upfront costs but potential for larger losses than options.
In 2022, gold futures investing will be created on the Oropocket platform. This will allow residents of all countries to invest in gold for a much cheaper investment fee compared to what is currently available on the market. This will also allow people in emerging countries with less stable banking systems to invest in a safe haven asset like gold.
A hedge is an investment position intended to offset potential losses/gains that
may be incurred by a companion investment. In simple language, a hedge is
used to reduce any substantial losses/gains suffered by an individual or an
organization.
A hedge can be constructed from many types of financial instruments, including
stocks, exchange-traded funds, insurance, forward contracts, swaps, options,
many types of over-the-counter and derivative products, and futures contracts.
Public futures markets were established in the 19th century[1] to allow
transparent, standardized, and efficient hedging of agricultural commodity
prices; they have since expanded to include futures contracts for hedging the
values of energy, precious metals, foreign currency, and interest rate
fluctuations.
Forward and futures contracts allow parties to lock in a price today for an asset to be purchased or sold in the future. Futures contracts are traded on exchanges and include margin requirements and daily price adjustments to account for price changes, while forward contracts are negotiated privately. These derivatives can be used to speculate by betting on price movements or to hedge and reduce risk from price changes in assets a party needs to buy or sell. The document compares using futures versus options for hedging and speculating purposes.
Chapter7 International Finance ManagementPiyush Gaur
George Johnson is considering a $100 million floating rate bank loan tied to LIBOR. He is concerned about LIBOR rising and wants to hedge this risk using December Eurodollar futures contracts. The contracts expire on December 20, 1999, have a $1 million contract size and 7.3% discount yield. Johnson will ignore cash flow implications of marking to market, initial margins, and timing differences between futures and interest payments.
1) Derivatives such as financial futures contracts, options, swaps, caps, floors and collars are used to manage interest rate risk.
2) Financial futures contracts work by establishing an agreement between a buyer and seller to deliver an underlying asset at a future date at a set price, allowing investors to hedge against interest rate fluctuations.
3) The basis risk of hedging with futures is the difference between the cash price of the underlying asset and the futures price, which can vary over time and impact hedging effectiveness. Managing the basis is important for successful hedging.
Earn a second income trading the stock marketNick Radge
Nick Radge, The Chartist, was invited to present at the 2014 Trading Super Investing Future Wealth Forum in Sydney, Melbourne and Brisbane. These are the slides from Nick's presentation. Nick talks about the reality of trading for a living and that perhaps it is better to find a strategy to earn a second income instead.
Deriv Accumulator Trading Stratagies by Vince StanzioneVince Stanzione
Deriv Accumulator options offer you a new way to trade 24/7 on leading volatility indices with Deriv.com
Start with small stakes and compound your profits with this unique short period options, lasting no more than 2 minutes.
A new financial option exclusively on Deriv that allows you to trade with a fixed risk while
benefiting from potential exponential compounded gains over a short duration.
Discover more at deriv.com
This document provides an overview of futures contracts. It discusses:
1. The basics of futures contracts, including that they are agreements to buy or sell an asset at a predetermined price on a specified future date.
2. How futures contracts are used for both speculation, where traders bet on price movements, and hedging, where companies protect against price changes.
3. Examples of how speculators can profit from correct bets on price increases or decreases, and how companies can hedge inventory or supply purchases by taking offsetting long or short positions in futures markets.
Trade-Orders - Retail Contracts for DifferenceRicardo Ionescu
CFDs allow traders to speculate on the prices of various financial instruments without owning the underlying asset. CFDs offer leverage, allowing traders to gain exposure to price movements with a small initial margin deposit. However, leverage also increases the risk of losses. Traders must be prepared to deposit additional funds at short notice to maintain their margin balances if prices move against their positions. While CFDs provide traders flexibility to go long or short, their unregulated OTC nature means traders have counterparty risk to the CFD provider. Strong risk management including stop losses is important when trading CFDs given their inherent risks.
This document discusses gold leverage and margin trading. It defines key terms like margin required, equity, used margin, and free margin. It explains the difference between the leverage set by brokers and the actual leverage used. It also provides examples of how to calculate used leverage. Finally, it discusses various methods of setting stop-loss orders in gold trading like using support/resistance levels, trend lines, and risk:reward ratios.
This document discusses various concepts related to managing market price risk. It defines market risk, types of market risk, and strategies for managing risk such as hedging, speculation, arbitrage, and swaps. It also defines the concepts of open interest and close out positions. Hedging involves making investments to reduce risk from adverse price movements. Speculation aims to profit from anticipated price changes and involves higher risk. Arbitrage exploits temporary price differences in similar assets. Open interest refers to the number of active futures or options contracts, and close out positions means liquidating an options position before expiry.
This document discusses futures and options contracts for foreign exchange. It begins by explaining the key differences between futures contracts and forward contracts, noting that futures are standardized contracts that are traded on organized exchanges and involve daily mark-to-market settlement. It then provides details on major currency futures markets, contract specifications, and how to read futures quotes. The document also introduces currency options, describing call and put options, and discusses currency futures options which provide exposure to futures contracts.
this slide will be very helpful for those who want to invest money in future market and commodity market. protective put how to protect downside risk of your investment by using protective put
Currency futures contracts allow investors to speculate on exchange rate fluctuations between currencies. Currency futures operate similarly to other futures contracts, with the exchange rate between currencies as the underlying asset instead of a physical commodity. Currency futures are traded on exchanges and can be held until expiration for cash settlement at the contract rate, or sold prior to expiration. They allow leveraged trading and hedging of currency risk for those expecting future currency receipts or payments.
Similar to Using binaries-to-trade-direction- (20)
Profiles of Iconic Fashion Personalities.pdfTTop Threads
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Dive into this presentation and learn about the ways in which you can buy an engagement ring. This guide will help you choose the perfect engagement rings for women.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women MagazineCIOWomenMagazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
Discover innovative uses of Revit in urban planning and design, enhancing city landscapes with advanced architectural solutions. Understand how architectural firms are using Revit to transform how processes and outcomes within urban planning and design fields look. They are supplementing work and putting in value through speed and imagination that the architects and planners are placing into composing progressive urban areas that are not only colorful but also pragmatic.
2. Using Binaries for Short Term Directional Trading, June 2013 Page 2 of 9North American Derivatives Exchange, Inc. is subject to U.S. regulatory oversight by the CFTC.
Using Binaries for Short Term Directional Trading
Binaries can be used to take an intra-day directional view on underlying markets, allowing the trader to go long or short in a market for a fraction of the margin
necessary when trading more conventional contracts.
And the usual benefits of Binaries apply – a trader’s risk is strictly capped without the danger of being stopped out by a temporary adverse move.
This presentation shows you how to use Binaries, either singly or strategically combined, to tailor your exposure to an underlying market.
As an example, let’s look at Nadex’s “US 500” Binaries, which settle based on an expiration value calculated by reference to the CME® E-mini® S&P 500®
Futures†.
In this hypothetical example, the CME E-mini S&P 500 Futures for March are trading at 1252.00. The recent price action of these futures, as seen in the graph
below, leads you to believe that the market has just broken through some short term resistance at the 1250.00 level. You believe that over the next couple of
hours a market rally of a further 5-10 points is significantly more likely than a drop back below 1250.
1250
1252
12pm 1pm 2pm
Possible resistance level
Current level
Possible short term break out
Consider the ladder of end-of-day (expiration at 4:15pm ET) US 500 Binary contracts typically available on Nadex:
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6
Daily US 500 (Mar) > 1256 15 18
Daily US 500 (Mar) > 1253 38.3 42.3
Daily US 500 (Mar) > 1250 66.9 70.4
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0
These prices can be viewed as consensus probabilities generated by Nadex market participants. So, for instance, the generality of Nadex traders perceive
only a 15-18% chance of the US 500 settlement being higher than 1256 at the end of the day. And they believe that the probability of the market holding above
1250 at the end of the day is between 66.9% and 70.4%.
Futures, options, and swaps trading involves risk and may not be appropriate for all investors. Any trading decisions that you may make are solely your responsibility. The trading activity and other information
presented herein are for informational purposes only. The contents hereof are not an offer, or a solicitation of an offer, to buy or sell any particular financial instrument offered on Nadex.
†S&P 500 is a registered mark of the McGraw-Hill Companies, Inc. CME and E-mini are registered marks of the Chicago Mercantile Exchange Inc. Nadex is not affiliated with these organizations and neither they
nor their affiliates sponsor or endorse Nadex or its products in any way.
3. Using Binaries for Short Term Directional Trading, June 2013 Page 3 of 9North American Derivatives Exchange, Inc. is subject to U.S. regulatory oversight by the CFTC.
If you believe in a 5 point rally by the end of the day, to approximately 1257, a strategy you could use is to buy the “>1256” contract at 18. For each contract
purchased you would be risking $18 to potentially make a profit of $82.
If you perceive the potential for a rally of around 10 points you could buy the “>1259” contract at 6. In this case, for each contract purchased, you would be
risking $6 to potentially make $94. Or you might even buy the “>1262”, risking $2.80 to potentially make a profit of $97.20.
Taking a less bullish view, if you believe the market will simply hold above the key 1250 level, you could buy the “>1250” contract at 70.4, risking $70.40 to
potentially make a profit of $29.60.
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6
Daily US 500 (Mar) > 1256 15 18
Daily US 500 (Mar) > 1253 38.3 42.3
Daily US 500 (Mar) > 1250 66.9 70.4
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0
The following slides show the kinds of P&L profile you can generate with these and other strategies.
Long 5 lots of “>1256” @ 18
-200
-100
0
100
200
300
400
500
1247 1250 1253 1256 1259 1262 1265
Current market
(= 1252)
Potential profit
on 5 lot position
(= $410 )
Potential loss
on 5 lot
position (= $90 )
Collateral required to enact this intraday binary strategy: $90
In this strategy, going long the “>1256” contract, you would be backing the underlying market to be more than 4 points higher by the end of day. The
consensus of other Nadex participants is that this is only 15-18% likely.
Assuming you hold the position until expiration, each contract purchased would risk $18 to potentially make $82 (you buy at 18, and final settlement must be
either 0 or 100). In this example 5 lots are being traded, so your maximum possible loss (and total required collateral) is 5 x 18 = $90.
Note that you do not have to hold the position until expiration – you might choose to exit early if the market moves up a few points in the short term and you do
not believe the rally will be sustained. The price at which you could exit under these circumstances will depend on the precise size of the rally and the amount
of time still remaining until expiration, as these two factors will shape the new probability that the “>1256” outcome will occur.
Example does not include fees and commissions, which may vary by broker. Example assumes all positions are entered into by trading at the available offer price rather than working orders at a more
favorable level.
Back a strong (approx 10 pt) rally by buying one of these contracts
– very small risk, very large potential reward for an outcome the
market believes is very unlikely
Back any kind of rally, and still profit even if there is a small fall, by
buying this contract – large risk, small potential reward for an
outcome the market believes is somewhat likely
Back a moderate (approx 5 pt) rally by buying this contract – small
risk, large potential reward for an outcome the market believes is
pretty unlikely
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6
Daily US 500 (Mar) > 1256 15 18 Buy 5
Daily US 500 (Mar) > 1253 38.3 42.3
Daily US 500 (Mar) > 1250 66.9 70.4
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0
4. Using Binaries for Short Term Directional Trading, June 2013 Page 4 of 9North American Derivatives Exchange, Inc. is subject to U.S. regulatory oversight by the CFTC.
Long 5 lots of “>1253” @ 42.3
-300
-200
-100
0
100
200
300
400
1247 1250 1253 1256 1259 1262 1265
Current market
(= 1252)
Potential profit
on 5 lot position
(= $288.50 )
Potential loss
on 5 lot position
(= $211.50 )
Collateral required to enact this intraday binary strategy: $211.5
This strategy, going long the “>1253” contract, backs the underlying market to be more than just 1 point higher by the end of day. This is a less bullish
view than the previous strategy and the consensus of Nadex participants is that the outcome is more probable, at a likelihood of 38.3-42.3%.
Because success is more likely, your risk/reward ratio is less favorable than in the previous example. Assuming you hold the position until expiration, each
contract purchased would risk $42.30 to potentially make a profit of $57.70 (you buy at 42.3, and final settlement must be either 0 or 100). In this
example 5 lots are being traded, so your maximum possible loss (and total required collateral) is 5 x 42.3 = $211.50.
Once again, though, you are not tied in to risking the whole $211.50 by waiting until expiration. If you feel the position is not working out (or if it is going
right and you want to take an early profit) you can place an order to exit early. Provided your order is placed at a level which is attractive to other
participants, you can close out your exposure to cap a loss or lock in a profit.
Long 5 lots of “>1259” @ 6
This is an example of an extremely bullish strategy, backing the market to be more than 7 points higher at the end of the day by going long the “>1259”
contract. The consensus of Nadex participants is that the outcome is very improbable, at a likelihood of just 3-6%.
Because success is considered so unlikely by other participants, your risk/reward ratio is far more favorable than in either of the previous examples. Assuming
you hold the position until expiration, each contract purchased would risk $6 to potentially make a profit of $94 (you buy at 6, and final settlement must be
either 0 or 100). In this example 5 lots are being traded, so your maximum possible loss (and total required collateral) is 5 x 6 = $30.
A full payout in this example is, by definition, extremely unlikely. But note that a short term rally of a few points may, depending on precise timing and
magnitude, lift the consensus bid above 6 and allow an opportunity to take a profit on the strategy, even if the final goal of a 7 point rally is never achieved.
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6
Daily US 500 (Mar) > 1256 15 18
Daily US 500 (Mar) > 1253 38.3 42.3 Buy 5
Daily US 500 (Mar) > 1250 66.9 70.4
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6 Buy 5
Daily US 500 (Mar) > 1256 15 18
Daily US 500 (Mar) > 1253 38.3 42.3
Daily US 500 (Mar) > 1250 66.9 70.4
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0
Example does not include fees and commissions, which may vary by broker. Example assumes all positions are entered into by trading at the available offer price rather than working orders at a more
favorable level.
-100
0
100
200
300
400
500
1247 1250 1253 1256 1259 1262 1265
Current market
(= 1252)
Potential profit
on 5 lot position
(= $470 )
Potential loss
on 5 lot position
(= $30 )
Collateral required to enact this intraday binary strategy: $30
5. Using Binaries for Short Term Directional Trading, June 2013 Page 5 of 9North American Derivatives Exchange, Inc. is subject to U.S. regulatory oversight by the CFTC.
Long 5 lots of “>1250” @ 70.4
-400
-300
-200
-100
0
100
200
1247 1250 1253 1256 1259 1262 1265
Current market
(= 1252)
Potential profit
on 5 lot position
(= $148 )
Potential loss
on 5 lot position
(= $352 )
Collateral required to enact this intraday binary strategy: $352
At the opposite end of the scale you could back a strategy that pays off in the event of any kind of rally, regardless of size, and even still pays off in the event of
a small fall in the market. The chart above shows the payoff profile for a long 5 lot “>1250” position. Given the market is currently above 1250, it is more likely
than not that this Binary will settle at 100; Nadex participants have, in this example, reached a consensus view that the exact probability stands at 66.9-70.4%.
Because success is considered so likely by other participants, your potential risk in this case is larger than your potential reward. Assuming you hold the
position until expiration, each contract purchased would risk $70.40 to potentially make a profit of $29.60 (you buy at 70.4, and final settlement must be either
0 or 100). In this example 5 lots are being traded, so your maximum possible loss (and total required collateral) is 5 x 70.4 = $352.
As ever, you are not tied in until expiration; an early exit from this position is possible, provided your exit order is at a level attractive to other market
participants.
Long 2 lots of “>1253” @ 42.3, long 3 lots of “>1256” @ 18
-200
-100
0
100
200
300
400
1247 1250 1253 1256 1259 1262 1265
Current market
(= 1252)
Potential profit
on 5 lot position
(either $61.40
or $361.40)
Potential loss
on 5 lot position
(= $138.60 )
Collateral required to enact this intraday binary strategy: $138.6
Here is a more elaborate strategy designed to spread the risk of taking a bullish Binary view. In this case the 5 lot position is split over two contracts, the
“>1253” and the “>1256”.
If you do not exit early and instead hold the strategy to expiration you stand to make a profit of $61.40 (in the event of a settlement level above 1253 but no
higher than 1256) or $361.40 (in the event of a settlement level above 1256). If the market finishes at or below 1253 you will lose $138.60.
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6
Daily US 500 (Mar) > 1256 15 18
Daily US 500 (Mar) > 1253 38.3 42.3
Daily US 500 (Mar) > 1250 66.9 70.4 Buy 5
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0
Example does not include fees and commissions, which may vary by broker. Example assumes all positions are entered into by trading at the available offer price rather than working orders at a more
favorable level.
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6
Daily US 500 (Mar) > 1256 15 18 Buy 3
Daily US 500 (Mar) > 1253 38.3 42.3 Buy 2
Daily US 500 (Mar) > 1250 66.9 70.4
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0
6. Using Binaries for Short Term Directional Trading, June 2013 Page 6 of 9North American Derivatives Exchange, Inc. is subject to U.S. regulatory oversight by the CFTC.
Long 1 lot of “>1253” @ 42.3, long 1 lot of “>1256” @ 18, long 3 lots of “>1259”” @ 6
-200
-100
0
100
200
300
400
500
1247 1250 1253 1256 1259 1262 1265
Current market
(= 1252)
Potential profit
on 5 lot position
(either $21.70 or
$121.70 or $421.70)
Potential loss
on 5 lot position
(= $78.30 )
Collateral required to enact this intraday binary strategy: $78.3
Here is an example of a 3 contract strategy designed to ratchet up a payout in the event of a large rally. In this case the 5 lot position is split over three
contracts, the “>1253”, the “>1256” and the “>1259”.
Here your maximum risk, should you choose to hold the position until expiration, is capped at $78.30. A settlement level above 1253 will result in a profit of
either $21.70, $121.70 or $421.70, depending on just how strong the market is by the end of the day.
You can also use Binaries in conjunction with conventional futures contracts. The final few examples look at the effect of going long of a single lot of the CME
E-mini S&P 500 Futures, while providing temporary protection against a sudden adverse move by shorting some US 500 Nadex Binaries.
1250
1252
12pm 1pm 2pm
Possible resistance level
Current level
Possible short term break out
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6
Daily US 500 (Mar) > 1256 15 18
Daily US 500 (Mar) > 1253 38.3 42.3
Daily US 500 (Mar) > 1250 66.9 70.4 If you go long of the CME E-mini S&P 500
Futures, selling some of these Binaries can
provide protection against an unexpected short
term drop in the market
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6 Buy 3
Daily US 500 (Mar) > 1256 15 18 Buy 1
Daily US 500 (Mar) > 1253 38.3 42.3 Buy 1
Daily US 500 (Mar) > 1250 66.9 70.4
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0
Example does not include fees and commissions, which may vary by broker. Example assumes all positions are entered into by trading at the available offer price rather than working orders at a more
favorable level.
7. Using Binaries for Short Term Directional Trading, June 2013 Page 7 of 9North American Derivatives Exchange, Inc. is subject to U.S. regulatory oversight by the CFTC.
Short 5 lots of “>1250” @ 66.9, long 1 lot CME E-mini S&P 500 Futures @ 1252
-200
-100
0
100
200
300
400
1238 1241 1244 1247 1250 1253 1256
-800
-600
-400
-200
0
200
400
1238 1241 1244 1247 1250 1253 1256
Strategy boosts futures P&L
by $334.50 in this region
Strategy reduces futures P&L
by $165.50 in this region
Standalone Binary P&L
Standalone Futures P&L
Net Strategy P&L
Current market
(= 1252)
A short position in the “>1250”, taken out at a price of 66.9, means that for each contract you stand to make $66.90 for a risk of $33.10.
Going short of 5 lots, in conjunction with a long position of 1 lot in the futures, results in boosting your P&L by $334.50 in the event of a settlement at or below
1250. This comes at the cost of reducing your P&L by $165.50 in the event of a settlement above 1250.
Example does not include fees and commissions, which may vary by broker. Example assumes all Binary positions are entered into by trading at the available bid price rather than working orders at a more
favorable level. Payout profiles assume futures position is closed out at a level identical to the Nadex-calculated US 500 Expiration Value.
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6
Daily US 500 (Mar) > 1256 15 18
Daily US 500 (Mar) > 1253 38.3 42.3
Daily US 500 (Mar) > 1250 66.9 70.4 Sell 5
(and buy
1 lot of
futures)
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0
8. Using Binaries for Short Term Directional Trading, June 2013 Page 8 of 9North American Derivatives Exchange, Inc. is subject to U.S. regulatory oversight by the CFTC.
Short 5 lots of “>1247” @ 87.3, long 1 lot CME E-mini S&P 500 Futures @ 1252
-100
0
100
200
300
400
500
1238 1241 1244 1247 1250 1253 1256
-800
-600
-400
-200
0
200
400
600
1238 1241 1244 1247 1250 1253 1256
Strategy boosts futures P&L
by $436.50 in this region
Strategy reduces futures P&L
by $63.50 in this region
Standalone Binary P&L
Standalone Futures P&L
Net Strategy P&L
Current market
(= 1252)
Cheaper (but less comprehensive) protection can be engineered by taking a short position in the “>1247” at a price of 87.30, leaving you with a per-contract
potential profit of $87.30 and a maximum possible per-contract loss of $12.70.
Going short of 5 lots, in conjunction with a long position of 1 lot in the futures, results in boosting your P&L by $436.50 in the event of a settlement at or below
1247. This comes at the cost of reducing your P&L by $63.50 in the event of a settlement above 1247.
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6
Daily US 500 (Mar) > 1256 15 18
Daily US 500 (Mar) > 1253 38.3 42.3
Daily US 500 (Mar) > 1250 66.9 70.4
Sell 5
(and buy
1 lot of
futures)
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0
Example does not include fees and commissions, which may vary by broker. Example assumes all Binary positions are entered into by trading at the available bid price rather than working orders at a more
favorable level. Payout profiles assume futures position is closed out at a level identical to the Nadex-calculated US 500 Expiration Value.
9. Using Binaries for Short Term Directional Trading, June 2013 Page 9 of 9North American Derivatives Exchange, Inc. is subject to U.S. regulatory oversight by the CFTC.
North American Derivatives Exchange, Inc.
311 South Wacker Drive • Suite 2675 • Chicago, IL 60606
Phone: 312-884-0100 • Fax: 312-884-0940 • Email: customerservices@nadex.com
www.nadex.com
Short 1 lot of “>1250” @ 66.9, short 2 lots of “>1247” @ 87.3, short 2 lots of “>1244” @ 96.2, long 1 lot CME
E-mini S&P 500 Futures @ 1252
-100
0
100
200
300
400
500
1238 1241 1244 1247 1250 1253 1256
-800
-600
-400
-200
0
200
400
600
1238 1241 1244 1247 1250 1253 1256
Strategy boosts futures P&L
by either $33.90 or $233.90
or $433.90 in this region
Strategy reduces futures P&L
by $66.10 in this region
Standalone Binary P&L
Standalone Futures P&L
Net Strategy P&L
Current market
(= 1252)
Again, many more elaborate strategies are possible. In this one the 5 lot position has been split between 3 contracts, giving extensive downside protection to
your long E-Mini position, at the cost of reducing P&L by $66.10 in the event that all the Binaries settle in the money.
Range of Markets
We offer contracts on:
Equity Indices: US 500, Wall Street 30, US Tech 100, US SmallCap 2000, Germany 30, Japan 225, FTSE 100®
Spot FX: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, GBPJPY, EURJPY
Energies: Crude Oil, Natural Gas
Metals: Gold, Silver, Copper
Agriculturals: Corn, Soybeans
Economic Events: Initial Jobless Claims, Fed Funds, ECB Rate, Nonfarm Payrolls, Unemployment Rate
Example does not include fees and commissions, which may vary by broker. Example assumes all Binary positions are entered into by trading at the available bid price rather than working orders at a more
favorable level. Payout profiles assume futures position is closed out at a level identical to the Nadex-calculated US 500 Expiration Value.
Futures, options, and swaps trading involves risk and may not be appropriate for all investors. Any trading decisions that you may make are solely your responsibility. The information presented herein is for
informational purposes only. The contents hereof are not an offer, or a solicitation of an offer, to buy or sell any particular financial instrument offered on Nadex.
Contract Bid Offer
Daily US 500 (Mar) > 1268 - 2
Daily US 500 (Mar) > 1265 - 2.1
Daily US 500 (Mar) > 1262 - 2.8
Daily US 500 (Mar) > 1259 3 6
Daily US 500 (Mar) > 1256 15 18
Daily US 500 (Mar) > 1253 38.3 42.3
Daily US 500 (Mar) > 1250 66.9 70.4 Sell 1
Sell 2
Sell 2
(and buy
1 lot of
futures)
Daily US 500 (Mar) > 1247 87.3 90.3
Daily US 500 (Mar) > 1244 96.2 98.9
Daily US 500 (Mar) > 1241 97.6 -
Daily US 500 (Mar) > 1238 98 -
Daily US 500 (Mar) > 1235 98 -
2 hours to expiration, futures trading at 1252.0