The cost of employing risk management features and functions is dependent upon the level of risk – volatility – involved in the trade. With this particular risk management resource, the premium is calculated according to the expected volatility (EV) of your underlying position, over the time frame of the contract in question. It varies from one position to the next, as you might expect. If you decide to close out a position before it expires, and the trade is in the red, you will be fully reimbursed for your loss. If you close the trade profitably, you keep the profits.