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Tip: Buy if you think it's going to happen, sell if you don't!Disclaimer
|Available to spend:|
|Money currently invested:|
|Market linked for margining:||No||Margin is calculated individually for this market|
|Min price:||$0.00 / share ≈ 0.0%|
|Max price:||$10.00 / share ≈ 100.0%|
|Expiry value:||$10.00 / share ≈ 100.0%|
|Expiry time:||Oct 27, 2011 09:33 GMT|
|Expiry volume:||55 shares||Also called Open Interest|
|Open price:||$4.00 / share ≈ 40.0%|
|Life low:||$2.00 / share ≈ 20.0%|
|Life high:||$9.50 / share ≈ 95.0%|
|Total volume:||82 shares|
Before entering any orders to trade this contract please ensure you read have and understood this DISCLAIMER.
This market is for the number of Apple iPad units sold during Apple's 2011 fiscal year, which ends in September 2011.
A contract will settle (expire) at 100 ($10.00) if the number of iPads sold is equal to or greater than the number specified in the contract.
The contract will settle (expire) at 0 ($0.00) if the number of iPads sold is less than the number specified in the contract.
Expiry will be based on the iPad units sales figures published by Apple in their annual 10-K filing with the SEC. This document will be made available on the SEC filings page of Apple's Investor Relations webpage.
The 10-K report is typically filed five-six weeks after the end of the fiscal year. The market will be expired once the 10-K has been published.
As an example, the 10-K for fiscal year 2010 can be found HERE. Page 33 details the unit sales of various Apple products and indicates there were 7,458,000 iPads sold. This is the number that will be used for expiry.
Any changes to the result after the market has expired will not be taken into account (Rule 3).
Due to the nature of this market you are obligated to read Rule 4 (Unforeseen Circumstances) and Rule 5 (Time Protection). Intrade may invoke these rules in its absolute discretion if deemed appropriate.
Please contact our Customer Support if you have any questions regarding this market or the interpretation of these market specific rules before you place an order to buy or sell shares.
Do not enter an order to buy or sell shares in any market on Intrade if you do not accept Intrade's absolute right to settle or unwind any market in any way it deems appropriate.
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