Regards, First, I only know the very basics about options. Ideally I would like to find something that trades just like the futures, i.e the ES but where I can set my own point value to my choosing. It sounds like CFD's or financial spread-betting would be meet my needs. However, I have not found any firm accepting U.S. clients. However, I have found NADEX, a CFTC registered broker. They offer 2 types of options: Spreads and Binary options I'd like to see a features/comparison list of these options to just trying buying SPY options. I'm looking to make pure directional 1 day to 5 day trades on the S&P 500. I'd really like something that trades 20 some-hours per day like the EMINI. Also, how they compare to these http://www.cboe.com/micro/binaries/introduction.aspx Nadex: http://www.nadex.com I am currently experimenting with their demo platform. The gentleman who spoke to me on the phone seemed helpful.
the ES options have weeklies. technically they trade when the ES is open, but would be very illiquid outside of normal market hours. i have never heard of any binaries that actually trade nor are liquid.