A stock, commodity, currency, or index.

If the option expiry price is the same as the buying price

Also known as Digital Options or FROs, it is a prediction of the direction of a stock, commodity, index, or foreign currency will move by a designated expiry time.

An option that provides the holder with a fixed profit when the underlying asset is higher at expiry than the price level at which it was purchased.

The price of the underlying asset at the time of expiry according to the feed provider’s real time data. The expiry price determines whether the option has expired in-the-money or out-of-the-money.

The designated time and date at which an option expires.

A trader’s option is in-the-money when his prediction on the direction (regardless if it was above or below) was correct.

The amount invested in a specific option

A binary option is out-of-the-money when the trader’s prediction was incorrect regarding the direction of the price by expiry time

The investment amount that the trader receives back after the expiry, based on his performance

An option that provides the holder with a fixed profit when the underlying asset is lower at expiry than the price level at which it was purchased.