Quote:
Originally Posted by Tegra_Devil
I know this doesnt really belong in a "true" stock market thread, but has anyone or know anyone who has done Binary Option trading(AKA pretty much blackjack with the markets)?
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it's just a really short term option that you must hold till expiry.
at expiry it's either above or below the price mentioned. and you win... or lose. that's it.
bought some sp500 futures 2080 calls when it was at 2060, sold when it was at 2120.
bought some 2105 puts when it was at 2120, still holding. if ES drops to 2050 this week i'll take profits.