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Israel’s huge binary options fraud

http://www.timesofisrael.com/13-sickening-truths-about-israels-huge-binary-options-fraud/

by flavio87 • 9 years ago

2 1 9 years ago

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timesofisrael.com

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mmel• 9 years ago

https://en.wikipedia.org/wiki/Binary_option#How_binary_optio... Wikipedia explains a binary option as:

Binary options "are based on a simple 'yes' or 'no' proposition: Will an underlying asset be above a certain price at a certain time?" Trades place wagers as to whether that will or will not happen. If a customer believes the price of a commodity or currency will be above a certain price at a set time, he buys the binary option. If he believes it will be below that price, he sells the option. The price of a binary is always under $100.

Every option settles at $100 or $0, $100 if the bet is correct, 0 if it is not

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