Options Bootcamp 58: What the Heck Are Binary Options?

Options 101: Today we are joined by Dan Cook from Nadex. He walks us through the following: What is a binary option? How does the pricing work vs. standard options pricing? How do the ticks work? Is there a multiplier? Does the price represent the pure probability of an option expiring in-the-money? How does expiration work? What about the final minutes around expiration? What is the farthest out you can trade a binary on Nadex? The Greeks: Binaries vs. Standard options Which underlyings offer binaries? How can you trade binaries? What is a typical binary use case? Mail Call: Get your questions answered by the team. Question from Jeb16 - I have seen a number of sports books online offering products that appear to be sports derivatives. Is it possible to trade actual products based on sports outcomes or other event-type derivatives in a legal exchange-traded form in the U.S.? Question from Amelia G. - Do you notice anything different in the options trading in higher volume products vs. lower volume products?