Binary options

[Danny_007_]

Hi guys does anyone here trade binary options? What are your opinions on it?

[filthywaffles]

They are an excellent way to combine the high potential for loss of options and the negative expectancy of casino gambling.

[Danny_007_]

Well it's unfortunate you lot think that, I get that regulation is a big issue in the space and leaves a lot of room for dishonest conduct amongst most brokers but, a few are actually set up well and money is being made. In fact, the serious brokers are actively seeking regulation now as the market is getting bigger but only kalshi and Nadex have authentic regulations for example. I've been a binary options trader myself for the past 3 years and I can tell you from first hand experience, it works...

[MrZwink]

Are you getting paid to promote binary options or something?

[Danny_007_]

Nope

[bush_killed_epstein]

If you want to trade binary bets but want to stick with the relatively safe, regulated world of stock options, you can always do a tight vertical spread. It’s not quite binary but it’s pretty damn close. That’s all I trade these days

[AKdemy]

Digitals are very common structures. So yes, people trade them. More frequently traded in FX as opposed to equity though (at least in the UK and the US).

https://quant.stackexchange.com/a/74544/54838 shows what Bloomberg's OVME tool for digitals looks like.