Jobless Claims
Binary Option Example
The Jobless Claims moving average has been steadily dropping, and recent U.S. data suggests further weakness in the labor market.
As a result, you expect a high number from this week’s Jobless Claims report, and opt to trade a Binary Option on Nadex.
Choose Market
You believe this week's jobless claims figure could present an opportunity to trade.
You choose:
Jobless Claims >= 395000
Complete Ticket
You opt to Buy as you think the figure will be above 395,000.
You select 10 contracts at the offer price of 36.00. Each contract is worth $1 per point.
Your Maximum Profit and Loss are displayed automatically.
The most you can make is $640; the most you can lose is $360*.
Monitor Trade
When the official Jobless Claims figure is released by the Bureau of Labor Statistics, your Binary Option will settle at:
100 if the figure is at or above 395,000
0 if the figure is below 395,000
The Jobless Claims figure is usually released on a Thursday.
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Profit
The Bureau of Labor Statistics' Jobless Claims figure is above 395,000 on Thursday.
Your trade settles at 100.
The difference between your opening price (36) and the settlement price (100) is 64.Multiply 64 by the number of contracts (10) and the contract value per point ($1) to calculate your gross profit.
64 x 10 x $1 = $640**Fees apply
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Loss
The Bureau of Labor Statistics' Jobless Claims figure is below 395,000 on Thursday.
Your trade settles at 0.
The difference between your opening price (36) and the settlement price (0) is 36.Multiply 36 by the number of contracts (10) and the contract value per point ($1) to calculate your gross loss.
36 x 10 x $1 = $360**Fees apply
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Step-by-step
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