Hi everybody,
I want to trade with binary options with the following strategy, and I have some technical questions. When somebody can show me how to buy and sell the right options I will write a journal about my trades here.
So, I want to do thefollowing things: I want to buy two OneTouch Options: One Option has a strike price ABOVE the actual price, the other OneTouch Option has a strike price UNDER the actual price.
If there is the right price action I will get the options money (100 €) - the money for the options (2 * 38 Euros), so there is a profit of roundabout 24%.
I have attached the pictures for my problem: I dont know if I have to take the Bid or the Ask price?
I think the Ask Price is the price I have to pay when I want to trade, and the bid price is the price when I want to sell before expiration time. But the options are european style and i cant sell them before time! And there is no spread on options.....
I think the question is stupid, but I dont want to spend money just to try.....
I am trading at Saxobank but the support is crap....they dont answer :-(
Maybie my question is stupid, but I dont know another way to get it out.....
Thanks for any replys!
I have attached two pictures: One for the OneTouch option with the strike price ABOVE the actual price, the other for the opponent side....
Ghaz
I want to trade with binary options with the following strategy, and I have some technical questions. When somebody can show me how to buy and sell the right options I will write a journal about my trades here.
So, I want to do thefollowing things: I want to buy two OneTouch Options: One Option has a strike price ABOVE the actual price, the other OneTouch Option has a strike price UNDER the actual price.
If there is the right price action I will get the options money (100 €) - the money for the options (2 * 38 Euros), so there is a profit of roundabout 24%.
I have attached the pictures for my problem: I dont know if I have to take the Bid or the Ask price?
I think the Ask Price is the price I have to pay when I want to trade, and the bid price is the price when I want to sell before expiration time. But the options are european style and i cant sell them before time! And there is no spread on options.....
I think the question is stupid, but I dont want to spend money just to try.....
I am trading at Saxobank but the support is crap....they dont answer :-(
Maybie my question is stupid, but I dont know another way to get it out.....
Thanks for any replys!
I have attached two pictures: One for the OneTouch option with the strike price ABOVE the actual price, the other for the opponent side....
Ghaz