What happened in the stock market in Trading Places?
In other words, Winthorpe and Valentine have contracts allowing them to buy millions of pounds of orange juice in April for 29 cents a pound, and to sell it for $1.42 a pound. They sold high and bought low. They’re rich. The Dukes made the opposite bet and went broke.
How much money do they make at the end of Trading Places?
Profits: (122 cents/pound – 38 cents/pound) * 15000 pounds/contract * 20000 contracts = $252,000,000.00. Cha-ching! Since the Dukes’ agent flamed out, he’s holding a bunch of contracts at the end of trading.
How much money did Eddie Murphy make in Trading Places?
$1 million
It was reported that Murphy earned up to $1 million for Trading Places, but by his third film, Beverly Hills Cop (1984), he commanded a $3 million salary. This was considered a top-tier salary reserved for the most popular movie stars.
How much money did the Dukes lose in Trading Places?
So half the Duke’s margin call is $197,000,000, that means they had a long position of 101,025 OJ Contracts ($394m/2/$1,950). Each OJ contract amount to 15,000 pounds of OJ, so that’s 1.5 million pounds of orange juice solids to be delivered to warehouses in Florida, New Jersey, or Delaware.
How did Dan Aykroyd and Eddie Murphy make money in trading places?
How did Dan Aykroyd and Eddie Murphy win at the end of Trading Places? Investors make money when they buy low and sell high. In Trading Places, Eddie Murphy and Dan Aykroyd sell high and then buy low. Either way, they make a lot of money.
Do they really trade frozen concentrated orange juice?
The short answer: yes. Frozen concentrated orange juice trading is actually a thing. Traders don’t pull up with carts full of little metal cans. Instead, they trade contracts that state they’ll deliver a certain amount of orange juice (15,000 pounds at a time, not in little cans) at the agreed-upon price.
How much did Louis and Billy Ray make in trading places?
How much did Billy Ray and Louis make in their scheme? The actual amount isn’t given but the Dukes had to pay $394 million ($1.011 BILLION in 2019 adjusted for inflation) In the movie, the Dukes “shorted” oranges in a “margin” trade, using leverage.
How did Dan Aykroyd and Eddie Murphy make money in Trading Places?
What is the Eddie Murphy rule?
The “Eddie Murphy Rule” is about “banning using misappropriated government information to trade in the commodity markets.” It took them almost thirty years, but in 2010, the U.S. government finally made it illegal to profit off of ill-gotten information.
How did they make so much money in trading places?
Investors make money when they buy low and sell high. In Trading Places, Eddie Murphy and Dan Aykroyd sell high and then buy low. Either way, they make a lot of money.