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Article Reviewed on December 23, Michael J Boyle Updated December 23, The most common definition found for an option is that it is an investment instrument generally a contract in which a trader purchases the option to buy or sell the underlying asset. In layman's terms, the owner of a stock writes a buy call or sell put option on shares of that stock; an options trader purchases the ability, but not the obligation, to buy or sell the writer's offered shares. The writer is obligated to conduct the transaction if the trader exercises the right they purchased. These options are then traded between investors, varying in price with the asset they are based on.

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Derivatives For new traders with an interest in getting into options, binary options are a great place to start. Binary options simplify the variables involved in making an investment.

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Binary options depend on the outcome of a "yes or no" proposition, hence the name "binary. At the time of expiry, the price of the underlying asset must be on the correct side of the strike price based on the trade taken for the trader to make a profit.

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The Bottom Line Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That's why they're called binary options—because there is no other settlement possible. The premise behind a binary option is a simple yes or no proposition: Will an underlying asset be above a certain price at a certain time?

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Strategy What are binary options and how do they work? Binary option contracts offer defined risk and clear outcomes.

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Regulation and fraud[ edit ] Further information: Securities fraud Many binary option "brokers" have been exposed as fraudulent operations. Manipulation of price data to cause customers to lose is common. Withdrawals are regularly stalled or refused by such operations; if a client has good reason to expect a payment, the operator will simply stop taking their phone calls. Provincial regulators have proposed a complete ban on all binary options trading include a ban on online advertising for binary options trading sites.

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I have a quarter which I will flip at in the afternoon. You can buy guesses right up until the actual coin toss, as many as you like. Then I toss my coin.

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Хилвар, однако, знал Олвина куда глубже. С самого начала он инстинктивно почувствовал, что Олвин -- исследователь, а все исследователи ищут что-то такое, что ими утрачено. Они редко это находят, и еще реже достижение цели приносит им радость большую, чем сам процесс поиска. Хилвар сначала не понимал, чего же именно ищет Олвин.

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Ты можешь выбрать себе по вкусу любое приключение, и оно будет представляться тебе совершенно реальным, пока соответствующие импульсы поступают в мозг. -- Он повернулся к Джизираку: -- А в какие же саги приглашает вас Джирейн. -- Да знаешь, большая их часть, как ты и мог бы предположить, касается выхода из Диаспара. Некоторые переносят нас в наши самые ранние существования -- настолько близко к основанию города, насколько мы только можем туда подобраться.

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Я не могу сказать тебе без разрешения Совета. Дело приобрело совершенно неожиданный, даже смущающий оборот. В Диаспаре почти не было мест, запрещенных для посещения. Алистра была вполне уверена, что Элвин не получал разрешения у Совета, а это могло значить только одно - ему помогает еще более высокий авторитет.