WSEX interactives question

Mr.Smith · May 19, 2005

I just bought Carrie Underwood at 38 for 10 contracts. I have never done this interactives thing before.

So if she wins I would be paid $100 for each contract ( $1000) and I would lose $380 if she loses the contest? Is that right?

Mr.Smith · May 19, 2005

OK I think I've got it now. I would get $1000 total, since I laid out $380 the winnings would be $620. That makes sense.

Fishhead · May 19, 2005

Mr. Smith said:
I just bought Carrie Underwood at 38 for 10 contracts. I have never done this interactives thing before.

So if she wins I would be paid $100 for each contract ( $1000) and I would lose $380 if she loses the contest? Is that right?

You are correct.............and you can sell at ANY time leading up to the event at whatever the price is at.

-F-

ChuckSims · May 19, 2005

Mr Smith, you can also sell contracts too. Its the same as "shorting" in the stock market. I did not know who was going to win America's Idol, but I did know Vonzell was not going to win so I sold her contracts. I cashed!

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Mr.Smith

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Mr.Smith

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