NYSE has a new way to invest. Called ByRDs Binary Return Derivatives.
As I sea it, they settle the European way w/ auto exercise if in-the-money @ exp. Available in about 20 or so Major companies, right now. Finnish Hi/Lo Byrds is what is offered. self explanatory?
I know, Options r not discussed much here, but isn’t it all options?
Nyse started offerings …late apr. 2016
Binary means 2, up or dn. And value is derived from the movement.
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