An Options in finance is the right but not an obligation to buy or sell a security at a specific price on a specific date and time known as the expiration on which the buyer or the seller is either paid-off a fixed amount or nothing.
Two types of Options are present in Binary Options:
- Call Options
- Put Options
Call Options are the right to buy or call away the security and put options are the right to sell or put away the security.
Buyers of both the call and the put Options pay an amount of money called the Premium in exchange for theOptions rights.
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