Trading Event Contracts

Which Webull platforms support trading Event Contracts?

Event Contracts are available on both the Webull mobile app and the desktop platform. On desktop, availability is currently limited to index and crypto hourly contracts, while the full Event Contracts offering is accessible through the mobile app. We look forward to continuing to develop and enhance the product, incorporating invaluable input from our valued clients!

How do I trade Event Contracts?

To begin trading Event Contracts, you’ll need to submit an application through your existing Webull brokerage account. The process is quick and straightforward to help you get started smoothly.

Event Contract accounts are available only to U.S. residents.

How do I open a position in an Event Contract?

To open a position in an Event Contract on the Webull mobile app, navigate to Markets> ‘Events.’ From here, select an Event Contract to trade. To open a position, choose “Yes” or “No” for a particular event and confirm the order submission.

How do I close a position in an Event Contract?

Once a position has been opened through purchasing “Yes” or “No” contracts, there are two ways to exit the position. A client can close the position by selling to close the contract and realizing any profit or loss associated with the prices at which they purchased and sold the contract. A client may also hold the contract through expiration, at which point the market will either resolve in their favor and pay out $1 per contract or it will not resolve in their favor and pay out $0.

What are the trading hours for Event Contracts?

Trading hours vary by contract type and market. Crypto Event Contracts are available Monday through Friday from 8:00 AM to 6:00 PM EST, Index Event Contracts from 8:00 AM to 4:00 PM EST, and Economic Event Contracts, such as Fed rate events, from 8:00 AM to 11:00 PM EST.

Sports-related Event Contracts (Cleared Swaps) are available 24/7, outside of any maintenance windows. Cryptocurrency Event Contracts may also trade outside their standard hours. Trading hours are subject to change as new contracts are introduced.

Do Event Contracts have Pattern Day Trading restrictions?

No, event contract trading is not subject to PDT rules. However, if the associated cash account does not have available buying power and the associated margin account is flagged for PDT, Event Contract BP will be limited to the excess above $25,000 in the account.

Are Event Contracts leveraged like futures and options?

Event Contracts are not leveraged. If a trader wishes to buy "Yes" at $.50, they will spend $.50 (excluding commissions & fees).

Are the Event Contract quotes in real time?

Real-time Event Contract quotes will be provided complimentarily for all Webull clients.

What order types are supported for Event Contracts?

Currently, Event Contracts can only be traded using limit orders. If executed, these orders will be filled at the specified limit price or better.

What is the order duration?

You may place Day orders only.

Where can I find hourlies?

Hourlies are displayed alongside the options chain and formatted similarly for ease of use. Additionally, you may navigate to the Markets tab and review them under Events.

What trading rules apply?

Only "buy to open" and "sell to close" orders are allowed (selling to open is not permitted). You may buy to open the "No" position, which functions similarly to a put option.

What are the fees?

A $0.01 fee is charged by the Exchange and another $0.01 by the Firm for each contract on both opening and closing trades.

What kind of tools and analysis are available for Event Contracts?

Event Contracts maintain order books with time & sales. This means that traders can utilize charts, and many tools used for technical analysis in other markets can be utilized for Event Contracts.

How are Event Contract prices determined?

The Event Contract prices can be interpreted as probabilities. For example, if "Yes" is trading at $.25 in the market "Will S&P 500 be above $6,000 at 1pm ET?", a trader can interpret that as the prediction market estimating the probability of the S&P 500 trading above $6,000 at 1pm ET at 25%.