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Binary Options Trading Strategy

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Binary options are traded on which exchange?

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1. Which of the following is TRUE of a binary options contract which is currently worth $90?

2. If Bob buys an option contract at $50, holds it until the expiration, and it reaches the strike price, then what is his total profit?

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About This Quiz & Worksheet

Use the worksheet/quiz any time to check your understanding of binary options trading strategy. Where binary options are traded and the meaning of taking a loss on an options contract are topics you need to know for the quiz.

Quiz & Worksheet Goals

You can see how much you know about:

  • The exchange where binary options are traded
  • Facts about a binary options contract currently worth $90
  • What taking a loss on an options contract means
  • Entry and exit fees for binary options

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on a binary options trading strategy
  • Information recall - access the knowledge you have gained about options contracts to determine the total profit in a sample scenario
  • Interpreting information - verify that you can read information about how binary options are traded and interpret it correctly

Additional Learning

If you review the lesson called Binary Options Trading Strategy, you can complete the following goals:

  • Define 'binary option'
  • Review binary option examples involving hypothetical investors
  • Determine how investing in binary options works
  • Explain 'ask price' and 'bid price'
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