Author Topic: Binary Options  (Read 1329 times)

Vagabond76

  • Stubble
  • **
  • Posts: 225
  • Age: 47
  • Location: Destin, FL
Binary Options
« on: October 12, 2016, 06:30:26 PM »
A family member of mine started "investing" in offshore binary options.

A binary option is essentially an all-or-nothing bet that a security will do something in a set amount of time.  This is vastly different than a normal option, where the trader can purchase the right (but is not obligated) to buy or sell a security at a set price in the future.

The timeframe can be anywhere from 60 seconds to a year. If he wins, he gets a 75% return. If he loses, he gets a 100% loss.

Sounds like a great deal right?

solon

  • Handlebar Stache
  • *****
  • Posts: 2359
  • Age: 1823
  • Location: OH
Re: Binary Options
« Reply #1 on: October 12, 2016, 09:46:58 PM »
What a great business idea!

I'm off to the Caymans to set this up!

Scandium

  • Magnum Stache
  • ******
  • Posts: 2827
  • Location: EastCoast
Re: Binary Options
« Reply #2 on: October 13, 2016, 06:44:25 AM »