I think you can set price targets for entry. The payout on $100 is $45, roughly 2:1 risk reward...I've seen plenty of spreads where the risk is 2x or 3x the credit received...and that's not even including potential big losses for early assignment especially if the price gets pinned between your strikes.
hmmm, so wxy's conclusion is that the regulated market is rigged against him, so open an unprotected account, with an unregulated bucketshop, based in one of the murkier parts of the world, and trade binaries! WCGW?
FWiW, I use 0DtE to 3DtE as part of a portfolio and it works well. I'll be long some speculative flies and Calandars when conditions meet my requirements, but also enjoy the flexibility/agility of hedging existing longer-term positions.
Yeah that's whats good about it. I don't need a financial babysitter. My bank blocked buying crypto on credit cards when BTC had dropped from 20k to 3k back in 2019...I was loading up with a prepay credit card at the money mart maxing it out every day for a week. Fast forward 2 years later I had two corvette c8's. The problem with regulators, hedge funds, basically banks etc is that they really aren't very good at seeing new opportunities...especially anything disruptive. So when they get blindsided (Crypto) they try to slow the race until they can figure out how to catch up. IE the bitcoin etfs...we know they're coming and all these delays are just stalling tactics while these funds load up. Einstein said it best: "'Great spirits have always encountered violent opposition from mediocre minds."
That's the tightest market that I can imagine in SN tech digitals. I can't imagine they are going to let you cash out of anything over say, $1K. They cannot feasibly hedge this other than internalizing against other client accounts.
Wonder what the winner/loser trader stats are between the two? I'm thinking not much of an overall difference but of course I could be dead wrong.
https://www.binaryoptions.com/broker/pocket-option/how-does-pocket-option-earn-money/ https://tradersunion.com/ratings/binary/common/ It must be sustainable since they've been around since 2017. It makes sense the losers payout the winners and pocket options "pockets" the remaining. Now I get the name...at first I thought it meant you can trade from your phone in your pocket.