Glossary

Binary Options
Are options that pays out a fixed amount if the underlying asset on which the option is based reaches the strike at expiry.

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

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

Current Price
The last price according to Xignite real time data unless otherwise is stated.

Expiry Price
The price of the underlying asset at the time of expiry of the asset according to Xignite real time data. The expiry price determines whether the option has expired in-the-money or
out-of-the-money.

Expiry Time
The time and date at which an option expires.

In-the-money
•    A binary option Call Option is In-the-money when the Expiry Price is higher than the option buying price at the Expiry time.
•    A binary option Put Option is In-the-money. when the Expiry Price is lower than the option buying price at the Expiry time.

Out-the-money
•    A binary option Call Option is out-of-the-money when the Expiry Level is lower than the option buying price at the Expiry time.
•    A binary option is out-of-the-money when the Expiry Level is lower than the option buying price at the Expiry time.

At-the-money
•    If the option Expiry level is similar to the option buying price than the investment amount is returned fully to the investor.

Payout
Tradesmarter ‘Above or Below’ offers you a fixed-return payout of: 65%-71% when the option expires in-the-money, and a 15% return if the option expires out-of-the-money. The option cannot be sold before its expiration.

Investment Amount
The amount invested in a specific option.

Instrument
A stock, commodity or Forex pair.

Trading Time
The time a trade have been fulfilled.

Strike Price
The specific time a trade have been fulfilled.