How are they earning money in the movie “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.
How did they get rich on 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 in 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.
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 money did Louis and Billy Ray make?
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 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.
Where is the Duke mansion from Trading Places?
You can find the Duke and Duke building at 135 South Broad Street, Philadelphia, PA.
How much did Eddie Murphy make for 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.
Was Trading Places filmed in the World Trade Center?
Where was Trading Places filmed?
- Duke and Dukes.
- Wells Fargo South Broad Street, Philadelphia. …
- Winthorpe House, Trading Places.
- 2014 Delancey Street, Philadelphia. …
- Clothespin Statue, Market Street. …
- Arriving in New York, on Greenwich Street. …
- Winthorpe and Valentine at the World Trade Center.
- World Trade Center, New York.
Who played the ape in Trading Places?
Don McLeod
Trading Places (1983) – Don McLeod as Gorilla – IMDb.
What dessert is Coleman making in Trading Places?
Crepe Suzette
(at around 20 mins) When Louis and Penelope are having dinner, they have uneaten lobsters on their plates, but Coleman is table-preparing Crepe Suzette (a dessert to be served immediately when prepared) and also Louis appears to be drinking brandy (at least the glass is a brandy snifter), which is an after-dinner drink …
Is Trading Places based on a true story?
The writers were inspired by a real-life pair of wealthy and competitive brothers. Although Trading Places is largely based around the three central roles of Louis, Billy Ray and Ophelia, these were not the characters the story was initially built around.
What are orange juice futures?
The FCOJ-A futures contract is the world benchmark contract for the global frozen concentrated orange juice market. The contract prices physical delivery of U.S. Grade A juice (with grading performed by the U.S. Department of Agriculture), in storage in exchange licensed warehouse in several U.S. delivery points.
How much is a gallon of orange juice?
Orange juice prices vary widely from store to store, but a half gallon usually costs between $3 and $4 and a gallon containers often cost $6 or more.
Is orange juice a good investment?
You may want to consider investing in OJ (at least for the long term) for a number of reasons, including: the impact of global warming/climate change on supply & an increasing emerging market demand, particularly from Brazil, China & Russia.
How much does a orange juice cost?
At the start of 2016, 16 ounces of orange juice costed the U.S. consumer about 2.73 U.S. dollars. By the end of 2020, this figure decreased by 40 cents.
How much is orange juice at Mcdonald’s?
McDonald’s Menu Prices
| FOOD | SIZE | PRICE |
|---|---|---|
| Orange Juice | Small | $1.59 |
| Orange Juice | Medium | $1.89 |
| Orange Juice | Large | $2.09 |
| Milk | $1.00 |
What U.S. state produces the most orange juice?
FLORIDA: Oranges Florida is known for its oranges, so it’s no surprise that the state leads the country’s production of that citrus fruit — and citrus fruit in general. More than 90 percent of America’s orange juice is made from Florida’s oranges, and the state is also the world’s leading producer of grapefruit.
Why are orange prices so high?
Citrus producers in Florida are also seeing their production costs go up because of inflation. That said, consumers seem to be shrugging off higher prices. “Orange juice remains in the cart for many consumers,” she said, adding that they’re “encouraged by the demand” at retailers across the country.
Why are there no oranges in Florida?
Florida’s orange crops have been on a decline for over 20 years due to bacterial threats and other diseases impacting the state’s orange groves, called citrus greening.
How much does oranges cost in 2021?
In 2021, the retail price of navel oranges was about 1.45 U.S. dollars per pound in the United States. Compared to 20 years earlier, the average rate for this citrus fruit has increased considerably.