Contract
The US Supreme Court to rule individual mandate unconstitutional before midnight ET 31 Dec 2012
Contract Symbol: HEALTHCARE.UNCONST.DEC12
Category: Legal / US Healthcare Reform
Event: Individual Mandate to be ruled unconstitutional by the US Supreme Court
Event time: Apr 12 - Nov 1
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The US Supreme Court to rule individual mandate unconstitutional before midnight ET 31 Dec 2012
Statistics
Currency: USD
Open Price: 37.0
Life lo/hi: 0.1 - 90.0
Expiry Price: 0.0
Expiry Time: 1/1/13
Total Volume: 52162
Expiry Volume: 875
Lifetime Last Week Last Day
Closing price chart
Closing price chart
Time and Sales chart
Contract Specifications
Tick Size (?) 0.1 Contract Start Date Jan 10, 2011
Tick Value (?) USD 0.01 Contract Expiry Date Jan 1, 2013
USD per Point 0.10 Contract Type 0-100
Min Contract Price 0.0 Max Contract Price 100.0
Contract Fees per a lot
Trading Fee $0.00 Expiry Fee $0.00 on all out of the money positions
Trading Fees at price extremes
(0 - 5 and 95 - 100)
$0.03 $0.10 on all in-the-money positions
Margin Specifications
0-100 contract
Min Margin Price 0.0 Ticks Margin Up 0.0 Ticks
Max Margin Price 100.0 Ticks Margin Down 0.0 Ticks
Example
To Buy To Sell
Best Offer - Best Bid -
Max gain per contract USD - Max gain per contract USD -
Max loss per contract USD - Max loss per contract USD -

The healthcare reform signed into law by President Obama on 23rd March 2010 contained an "individual mandate" requiring everyone to purchase health insurance or incur a tax penalty. The constitutionality of the individual mandate is being challenged in Federal Court by a number of US States.

This contract will settle (expire) at 100 ($10.00) if the US Supreme Court rules the individual mandate is unconstitutional before midnight ET on the date specified in the contract.

The contract will settle (expire) at 0 ($0.00) if the US Supreme Court does not rule the individual mandate is unconstitutional before midnight ET on the date specified in the contract.

Expiry will be based on the official decision of the US Supreme Court, as reported by three independent and reliable media sources. If the Supreme Court does not hear a lawsuit relating to the individual mandate the contract will be expired at 0.



Important:
Please contact the Exchange if you have any query or uncertainty (including how it may be settled) about this Contract, the Rule above or the Contract Rules before you trade.