CME Futures - Event Contract - Gambling?

[ktmtrader]

Do any futures trades know about this?

Seems like a simple bet is the market going to close Higher or Lower for the day.

No skill involved just plain guessing.

Anyone going to dabble in this?

https://www.cmegroup.com/activetrader/event-contracts.html

 

[FreeGoldRush]

Spreads are too high. No technical advantage to using them that I can see.

 

[Overnight]

Do any futures trades know about this?

Seems like a simple bet is the market going to close Higher or Lower for the day.

No skill involved just plain guessing.

Anyone going to dabble in this?

https://www.cmegroup.com/activetrader/event-contracts.html

They are basically binary options.

https://www.elitetrader.com/et/posts/5658754/

 

[schizo]

They are basically binary options.

https://www.elitetrader.com/et/posts/5658754/

How the heck do you even trade 'em? They don't even show you the ticker.

 

[Overnight]

How the heck do you even trade 'em? They don't even show you the ticker.

It's in the link in the first post of that thread.

https://www.cmegroup.com/content/dam/cmegroup/notices/clearing/2022/08/Chadv22-311.pdf

 

[R1234]

Spreads are too high. No technical advantage to using them that I can see.

How wide are the spreads? What kind of volume? How deep does the bid/offer look?

 

[traderjo]

Who are the counterparty?