Trading Places is a goofy movie that makes a clear, crucial plea: by 1983, it was well past time to let go of racial bias. Then everyone buys. A major firm like Duke & Duke going bust would've required their positions in gold, silver, oil, cocoa, and other futures to get liquidated (or at least offloaded) and give a slight bump down to those commodities (depending on how quickly they were sold). haha. The climactic scene is between the protagonist and a gang member who is involved in that activity. I mean why did they start buying knowing the price is continuously going down? (Beeks since he was carrying non-public government information, would've been in a bit of trouble himself.). Ultimately the choice is yours. I'm reading one of Jim Cramer's books and he is talking about that now. Trading Places, a 1983 comedy film directed by John Landis, stars Dan Aykroyd, Eddie Murphy and Jamie Lee Curtis.. Louis Winthorpe III (Aykroyd), a privileged commodities broker in Philadelphia, has a nearly-perfect life: he lives in a big house owned by his rich employers, has a beautiful rich fiancée, and exclusive country club memberships. So what really ends of happening in the movie is this the Dukes' broker buys contracts like crazy believing that the crop is bad (less oranges coupled with same demand means higher prices). thanks! The stock market trading curbs (at least in the US) didn't get enacted until after the 1987 crash. Open in Google Maps; 3. Also, the cash they hand on hand didn't really matter, as they were trading on margin. To that end, you should know that many or all of the companies featured here are partners who advertise with us. With FCOJ futures, every contract is for 15,000 pound of orange solids. Been watching for years and never understood how in the hell they did it...great movie one of all time favorites, Thanks a lot! Menu. Basically, he buys a lot of orange juice for very cheap, and sell it for a lot of money. It is strongly implied that they purchased additional futures on margin and made dozens (or hundreds) of millions more, since a lesser amount would not bankrupt the Dukes. It's been 30 years since Trading Places came out. Trading Places isn’t exactly a traditional Christmas film. Thanks for explaining it in a way I can finally grasp! tnx for the clarification, i been wondering the same questions ever since i watched the movie... You beat me to it on point 4], about the trading on margin. Thank You !!! Learn more about how we make money. Low price was .29 with most trades happening in between. End Explanation of the movie Trading Places. For ease of calculation, we can think of it as them trading on average at $1.22. You can understand why- if somebody drives the price up 10 cents by themselves, they either know something (and they will spend the better part of their lives in prison) or they are setting themselves up to be bankrupt. OVERTURE, MARRIAGE OF FIGARO By Wolfgang Amadeus Mozart Conducted by Elmer Bernstein. wouldnt they make more money if they bought the commodity at the following trading day where the price is at its lowest? Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools. This would've been in people's minds at the time of the movie. Trading commodity futures is also a terrific way for individual investors to end up as broke as the Dukes at the end of the movie. Thank you for the explanation!! Trading Places (1983) Full Cast & Crew. Lots 81-82 Street C I always assumed that they moved 20,000 contracts based on Winthorpe saying "20,000" at one point. Thank you for using my photo taken from yinnxp's flickr. questions. you couldn't borrow as much), they were ruined. At the same time, the Duke brothers purchase enormous quantities of FCOJ futures, even at relatively high prices, because they incorrectly expect that the crop report (falsely suggesting a greater need for stockpiled orange juice) will create a demand at even higher prices, securing them a profit. I couldn't get my head around that. Trading Places: How Winthorpe and Valentine Pulled It Off. Explore different travel destinations. The fact that the Dukes were trading on margin is independent of whether Billy Ray and Lewis do. Contents1 The key skill of trading places ending explained is the ability to hear others.2 The gift of persuasion.3 Strategy and trading places ending explained. So we can think of their average buying price as $0.375. Thank you for using my photo ( oranges @ yinnxp's Flickr ), kindly contact me at the email provided :). Moving to the big scene, the Duke brothers, through their trader, starts buying OJ futures. Weird thing is, I thought I was the ONLY one who didn't know what the heck was going on either!! Why didnt billy ray and lewis just wait for the price of FOJ to drop at its lowest before they start buying? I used to work for a commodities brokerage and retained exactly nothing from it because it seemed like imaginary number in math...made no sense to me. (Also, the Hunt Brothers going bust almost led to their main trader going bust, and folks were worried the reverberations of people owing other people would've led to some bigger scalps getting taken.). Release Calendar DVD & Blu-ray Releases Top Rated Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Showtimes & Tickets In Theaters Coming … FINALLY!!! A branch or kind of business: the women's clothing trade. Could never happen because it would cripple an entire industry, country, economy. 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