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answer...

Posted by: RazorHawk on Feb 29, 10:41 in response to nextlvl's post Quick question on shorting Award Funds

If you short on of the AwardOptions and that selection does not win... it cashes out at $0

This is posted on every AwardOption page description:

DESCRIPTION

AwardOptions allow traders to buy and sell the Oscar nominees with exclusive Hollywood Derivatives centered on the 88th Academy Awards. The AwardOptions will halt trading at 1 p.m. Pacific on Sunday, February 28th, in preparation for the awards ceremony to be held that evening. The AwardOption for the winner will cash out at H$25.00, while those failing to win will delist at H$0.00.

Quick question on shorting Award Funds nextlvl Feb 29, 10:21

answer... RazorHawk Feb 29, 10:41

Shorted award options cash out at $0. {nm} laujer Feb 29, 10:42

They will cashout at 0 so you will net the cost paid x2. Example, you got it at $10 then, regardless of movement since your buy, you made Willroast Feb 29, 10:46

Sorry, "net" should be "gross" (I think). in any case, multiply your cost paid by 20K (assuming full ownership) and you have your profit. {nm} Willroast Feb 29, 10:50

yes, that is what I was thinking but wasnt sure, thanks! {nm} nextlvl Feb 29, 13:14

Based on you gain today, looks like you did pretty well on the Oscarvbids. Well done! {nm} VicMackeyYTD Feb 29, 16:23

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