Contract Fees & Details
|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|
|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|
|Min Margin Price||0.0 Ticks||Margin Up||0.0 Ticks|
|Max Margin Price||100.0 Ticks||Margin Down||0.0 Ticks|
|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.
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.