Time Switch Bet (UP)
How does it work?
Win a fixed sum for every one of a number of time intervals that the asset price ends above the strike price.How to bet
- Set a strike price.
- Select the length of each time interval.
- Set the number of time intervals.
- Set how much you want to win for each winning interval.
- Then place your bet.
Example
The Wall Street Index is currently trading at 10,500. A trader wants to win $100 for every hour that it is above 10,550 during the next 20 market hours. This means a maximum win of $2,000. He pays a stake of $400.After 20 market hours the bet expires. The Wall Street Index ended above 10,550 for 16 of the 20 hours, so the trader wins $1,600.
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Note that a 3 day bet expires in 3 market days at the same time as it was placed. A 3 hour bet expires in 3 market hours, even if this means rolling over to the next day. The same applies for bets denominated in minutes.
Time Switch Bet (DOWN)
How does it work?- Win a fixed sum for every one of a number of time intervals that the asset price ends below the strike price.
- Every win is locked in at the end of each interval and paid out when the bet expires.
How to bet
- Set a strike price.
- Select the length of each time interval.
- Set the number of time intervals.
- Set how much you want to win for each winning interval.
- Then place your bet.
Example
The Wall Street Index is currently trading at 10,500. A trader wants to win $100 for every hour that it is below 10,450 during the next 20 market hours. This means a maximum win of $2,000. He is charged a stake of $400. After 20 market hours the bet expires. The Wall Street Index ended below 10,450 for 13 of the 20 hours, so the trader wins $1,300.---
Note that a 3 day bet expires in 3 market days at the same time as it was placed. A 3 hour bet expires in 3 market hours, even if this means rolling over to the next day. The same applies for bets denominated in minutes.
