1. Settlement & Data Integrity
Official Source: All markets resolve based on the official closing price reported by the primary exchange (e.g., NYSE, NASDAQ) as displayed on [Source, e.g., Bloomberg or Yahoo Finance].
Timing: Daily markets resolve based on the price at 4:00 PM ET. If a market is for "After-Hours" performance, the settlement time will be explicitly stated (e.g., 8:00 PM ET).
Precision: Prices are calculated to the second decimal point ($0.00). In the event of a tie with the strike price, the market will resolve according to the "Greater Than" or "Less Than" logic specified in the contract.
2. Market Adjustments
Corporate Actions: In the event of a stock split or reverse stock split, the price targets will be adjusted proportionally to reflect the new share value, ensuring the economic intent of the trade remains intact.
Halts & Suspensions: If trading is halted on the primary exchange at the time of resolution, the last traded price before the halt will be used, provided the halt is lifted within the same trading session. If the stock remains halted through the close, the market may be voided.
3. Trading Rules
Market Hours: Contracts are tradable during standard market hours (9:30 AM – 4:00 PM ET). Pre-market and Extended-hours trading may be restricted to prevent manipulation based on low-volume volatility.
Expiration: Weekly and Monthly contracts expire on the final trading day of the period at the market close.
Example Contract Description
"Will [TICKER] close above $150.00 on Friday, May 15th?"
Yes: Resolves at $1.00 if the official NASDAQ closing price is $150.01 or higher.
No: Resolves at $1.00 if the official NASDAQ closing price is $150.00 or lower.