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Hedge calculator: two-outcome scenarios

See the scenario result in each outcome for quantities you enter. The calculator does not suggest a position.

Enter a scenario

Use one currency and unit throughout. Every field is required; no market or personal financial data is loaded.

Scenario result

Fill in every field and the result appears here as you type. An empty field is missing information, not zero.

Sources and scope

Checked November 5, 2026.

Hedge calculator: two-outcome scenarios uses the formulas shown above and assesses no personal financial circumstances.

Read both results of a two-outcome hedge scenario

This scenario calculator totals the cost of the quantities entered on two opposing outcomes, including the supplied total fee. It then calculates the settlement proceeds of each outcome separately and subtracts the same combined cost. Its purpose is to make the two conditional results visible.

Hypothetical example: two units of the first outcome at 0.40, one unit of the second at 0.50 and fees of 0.10 cost 1.40 in total. If each winning unit settles at 1, the first modeled outcome returns 2 before costs, a scenario result of 0.60. The other returns 1, a scenario result of −0.40. Unequal quantities therefore leave unequal results.

The calculation assumes only these two exhaustive outcomes and the same contract and settlement conditions. Partial execution, different deadlines, fees beyond the input or a disputed resolution are not modeled. A position in a related event is not automatically the opposite side of this question.

Important information

In the United States, certain event contracts are offered through Designated Contract Markets (DCMs) subject to oversight by the Commodity Futures Trading Commission (CFTC). Regulatory arrangements and product availability differ between platforms and jurisdictions. CFTC oversight does not constitute approval or endorsement of any particular contract. Event contracts are derivatives products, not sports betting or gambling products, and are not licensed by any state gaming or gambling regulator.

Trading event contracts involves substantial risk of loss. You may lose some or all of the funds you use to trade. Past results do not guarantee future outcomes.

Nothing on this page constitutes investment, trading, or legal advice, or a recommendation to buy or sell any contract. Content is for general informational purposes only.