F.A.Q.
Event Contracts are a fixed risk, non-leveraged way to play daily options in 11 different futures markets.
They allow you to take a position on daily price movements and predict whether the market will close above or below a certain price with a simple Yes or No.
There are MANY ways to trade event contracts, including popular strategies like: hedges, strangles, ORB, purchasing at key support/resistance and more.
You can trade the premiums intraday just like you would with daily options, or hold them into close
If you hold a contract into close and your chosen strike is “in the money” at time of settlement, you will receive a $100 payout on that trade. If you hold a contract into close and it is “out of the money”, the contract will expire worthless.
This depends on personal risk-reward tolerance and strategy. The further away the strike price is from the current trading price, the cheaper contract. The closer the strike price is to the current trading price, the more expensive the contract.
The probability of a position is reflected in the price of the contract. For example, if you pay $50 for a contract, there is approximately a 50% chance of the contract closing in the money at that given time.
Unlike options, event contracts have a fixed risk-reward. Each contract is priced between $2.00 and $99.00. The most you can lose is the amount you spend on the contract(s). The max payout on a winning contract that closes “in the money” is $100.
Winning Scenario:
You purchase an E-Mini S&P 4900 Yes contract at $25.00 and hold until end of day. The market price settles at 4910, and the contract you paid $25.00 for closes “in the money” at $100.00 for a 4x win.
Losing Scenario:
You purchase an E-Mini S&P 4900 Yes contract at $25.00 and hold until end of day. The market price settles at 4890, and the contract you paid $25.00 for expires “out of the money” and worthless. The amount you paid is the amount you lose.
You can also trade the premiums intraday without holding into close.
Event contracts offer:
- Exposure to 11 different futures markets
- Fixed risk/reward with no surprises
- A great way to trade without being overexposed
- An affordable way to hedge against larger positions
- Good introduction to the options market
Event contracts are non-leveraged and cash settled. The contract holder either receives $100 per contract, or nothing at all. It does not give the holder a right to buy or sell a specified asset.
You can purchase anywhere from 1 to 250 contracts in a single order.
Event contracts give you access to key futures markets like equity indices, metals, energy and foreign currencies.
These markets include:
• E-Mini S&P 500
• E-Mini Nasdaq 100
• E-Mini Dow
• E-Mini Russell 2000
• Gold
• Silver
• Copper
• Euro
• Crude Oil
• Natural Gas
Place Your Trades programming is sponsored by Tradovate. The Tradovate app is what we all use to trade daily options using event contracts.
Click here to open an account.
Event contracts are cash settled daily based on the settlement price of the market you are trading.
If the final settlement price is above the strike price, the win goes to the YES. If the final settlement price is at or below the strike price, the win goes to the NO.
The price at time of settlement will determine if you have a winning trade or not.
S&P 500
Contract open – 6:00 PM ET
Close – 4:00 PM ET
Nasdaq-100
Contract open – 6:00 PM ET
Close – 4:00 PM ET
Dow
Contract open – 6:00 PM ET
Close – 4:00 PM ET
Russell 2000
Contract open – 6:00 PM ET
Close – 4:00 PM ET
Bitcoin
Contract open – 6:00 PM ET
Close – 4:00 PM ET
WTI Crude Oil
Contract open – 6:00 PM ET
Close – 2:30 PM ET
Natural Gas
Contract open – 6:00 PM ET
Close – 2:30 PM ET
Gold
Contract open – 6:00 PM ET
Close – 1:30 PM ET
Silver
Contract open – 6:00 PM ET
Close – 1:25 PM ET
Copper
Contract open – 6:00 PM ET
Close – 1:00 PM ET
We share daily trade ideas and educational resources on the Place Your Trades website, newsletter and Discord. These are some additional resources:
Daily Gap Stats
Historical trading data designed to give you an edge through probabilities and profit factors.
Live Discord
Hop in and chat with the team as they discuss how they’re trading their daily picks.
Chigrl’s Pre-Market Prep & Weekly Blog
The fastest way to stay up to date on global markets, commodity news, economic events & more.