Hello Everyone,
New here and new to binaries.
Are there binary brokers that closely approximate the regular options markets like the CBOT, OPRA, etc? That is...
1. A broker that will permit the trader to select from an assortment of strikes regardless of the current underlying price?
So far, I have only seen brokers that allow one to choose a strike when the underlying price is at the desired strike price.
As you know, regular options permit one to select a particular strike regardless of the underlying price when the trade is executed.
I have learned that selecting a specific strike in advance is not essential for some binary types such as range and kiko.
Often one can only take or leave what the broker offers.
2. I have seen that one can choose in advance from several expiration times. That's good enough for me.
That is like regular options although the available binary expiration times/dates are much fewer.
3. I expect a broker that offers the features I mentioned would adjust the odds-payout pursuant to the strike and expiration selected.
That is OK even though the task remains to find offers with risk/rewards that make sense.
Thanks for making this forum available and for any info you may provide.
Best to all,
F_P
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I am in the U.S. (and thankfully so).
I checked out NADEX long ago. I was shocked by the outlandish spreads and ran the other way.
It appears they haven't changed and are still in biz?! There is one born every minute.
I vaguely recall that one of the exchanges (CBOT or another) began offering some form of binary option.
Dunno the volume/liquidity/spread/margin situations. I'll check it and post again if anything of interest.
Best,
F_P