ByrdsNYSE 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.
Basic Investor101
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bying options is like(same as) buying stock in that it is a 1 2 1 purchase. You pay market price and have an almost 00 Infinite Time Value, u can sell it any time u wanat(sp).
Options-You buy a contract, not the stock, and no, the money does Not go toward the purchase if you decide to exercise.(do push ups 😉 )
when u purchase a contract(at mkt. you r buying stock) It is a contract betwix u and the co.
When u purchase “options”(dirty word) you buy a contract with/ leverage. approx. 10 to 1 that the stock will go up (call option) be4 it expires. So you have to watch it(out). Or u will lose all of your investment(“Stressed out”). With Byrds u don’t. If it is “in-the-money” at exp. or anytime if u set a sale b4 exp. you win/earn $100 minus the contract price. It requires margin. Trade King is having a webcast at Thursday, May 5, 2016 4:30 pm
Eastern Daylight Time (New York) . I think they will say the same or similar explanation, if u like (push the like button, u kno where it is?)