Time Switch Range Bet (IN)

How does it work?

Win a fixed sum for every one of a number of time intervals that the asset price ends between two strike prices.
Every win is locked in at the end of each interval and paid out when the bet expires.

How to bet

Set two strike prices; above, below or either side of the asset’s current price to create a range.
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 between 10,450 and 10,550 during the next 20 market hours. This means a maximum win of $2,000. He pays a stake of $200

After 20 market hours the bet expires. The Wall Street Index ended in the range for 17 of the 20 hours, therefore the trader wins $1,700.

---
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 Range Bet (OUT)

How does it work?

Win a fixed sum for every one of a number of time intervals that the asset price ends outside two strike prices. Every win is locked in at the end of each interval and paid out when the bet expires.

How to bet

Set two strike prices; above, below or either side of the asset’s current price to create a range.
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 or 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 below 10,450 for 10 hours and above 10,550 for 6 hours. The asset price was out of the range for 16 of the 20 hours, so the trader wins $1,600.

---
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.