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weve already looked at the basics of flying and selling contracts for spread betting what we didnt look at in the last video was expiration of contracts so lets just have a quick recap we have a company called ABC plc the price is quoted at 99 to 1 0 1 that means you sell 99 and you buy 9101 a respective of whether youre opening or closing a position if youre opening a long position you will buy at 101 if youre closing a long position you will sell at 99 if youre opening a short position you will sell at 99 and if youre closing the short position you will buy at 101 so you always do the opposite to close a position of what you did to open it whether youre going long or short and if you remember one of the great advantages of spread betting is that you can take short positions that is you can profit from a falling market okay so thats a quick recap and lets move on then to contract expiration so weve looked at the way that contractor price and incidentally this is just a we
