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.
Simply so, what did Winthorpe and Valentine do 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.
Also, what was the bet in trading places? So they decide to bet $1 on it and determine the winner by installing homeless con artist Billy Ray Valentine (Eddie Murphy) in the old job at their firm held by Louis Winthorpe III (Dan Aykroyd), who was set up to lose everything by the Duke brothers.
Hereof, how did they make all the 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. Aykroyd and Murphy steal a report that will cause the price of orange juice to fall, and replace it with a report that says OJ prices will rise.
Do they really trade frozen concentrated orange juice?
When the bell rings for the end of trading, the cost for April is 29 cents a pound. In other words, Winthorpe and Valentine arranged contracts to sell millions of pounds of frozen concentrated orange juice for $1.42 a pound, which they ultimately only paid 29 cents a pound for.
Related Question Answers
Who are the two old guys in trading places?
Brothers Randolph and Mortimer Duke own a successful commodities brokerage firm, Duke & Duke Commodity Brokers, in Philadelphia.Why is orange juice a commodity?
Orange juice has been a highly volatile soft commodity in recent years, making it a high-risk trading asset.Will there be a Trading Places 2?
If we're to interpret Trading Places 2 as taste demands, that is, the sequel to the 1983 John Landis movie, it would go like this: When we last saw our friends Randolph and Mortimer Duke (played by Onajide Shabaka and Rick Ulysse), they were struggling and snuggling for warmth in Philadelphia, the city they once ruled.What is the Eddie Murphy rule?
Until the Eddie Murphy provision (Section 746) in Dodd-Frank, trading on inside information in commodities markets was not illegal. To protect our markets, we have recommended what we call the “Eddie Murphy” rule to ban insider trading using nonpublic information misappropriated from a government source.”Where was the beach scene in Trading Places filmed?
Davis BayWhere is the Duke House in trading places?
The Dukes mansion – Mill Neck Manor, 40 Frost Mill Road, Mill Neck, New York. The Heritage Club – Curtis Institute of Music, 1726 Locust Street, Philadelphia, Pennsylvania.Where does trading places take place?
PhiladelphiaIs trading places a Christmas movie?
Trading Places isn't exactly a traditional Christmas film. But the trappings of a great holiday movie are there: It does, in fact, take place around the holidays, include a company Christmas party that features a drunk and disgruntled Santa Claus, and focus on themes of generosity (or lack thereof) and redemption.How did Eddie Murphy get rich 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. Aykroyd and Murphy steal a report that will cause the price of orange juice to fall, and replace it with a report that says OJ prices will rise.Who played Coleman in trading places?
Denholm ElliottWho played the gorilla in trading places?
Cast (in credits order) verified as complete| Denholm Elliott | Coleman |
|---|---|
| Don McLeod | Gorilla |
| Stephen Stucker | Stationmaster |
| Richard Hunt | Wilson |
| Paul Austin | Trader #1 |
How did they get rich 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.Who are the two homeless guys in coming to America?
In the movie Coming to America, Eddie Murphy gives money to two homeless guys. The guys are Mortimer and Randolph from Trading Places.Who are the Duke brothers?
The Dukes of Hazzard follows the adventures of "the Duke boys", cousins Bo Duke (John Schneider) and Luke Duke (Tom Wopat) (including Coy and Vance Duke for most of season 5), who live on a family farm in fictional Hazzard County, Georgia, (the exact location of Hazzard county was never specified, though Atlanta wasHow much is Eddie Murphy worth?
Murphy's net worth will, without doubt, continue to increase because he has always been a talented actor. As of 2020, Eddie Murphy's net worth estimated to be $160 million dollars, and his movies have grossed nearly $6.7 billion at the worldwide box office.Who wrote Trading Places movie?
Timothy Harris Herschel WeingrodWhat was Eddie Murphy's first movie?
Murphy scored a major hit in his first film, 48 Hrs. (1982). He followed with three more box-office successes—Trading Places (1983), Beverly Hills Cop (1984), and The Golden Child (1986).Is trading places on Netflix UK?
Sorry, Trading Places is not available on British Netflix, but you can unlock it right now in the United Kingdom and start watching! With a few simple steps you can change your Netflix region to a country like France and start watching French Netflix, which includes Trading Places.Who were the dancers in coming to America?
Cast (in credits order) verified as complete| Paul Bates | Oha |
|---|---|
| Dionne Rockhold | Dancer |
| Gina Consuela Rose | Dancer |
| Randolph Scott | Dancer |
| Robbin Tasha-Ford | Dancer |
