USD/JPY – Binary Option example

This was a weekly option on Nadex with a strike price of 110.75

I speculated that the pair would move lower and sold the binary option at market, at 22.25

A limit order was entered to cover at 15 and was filled.

This was all complete in just over an hour, before the Stock Market open.

This is how the chart and binary quote looked after the trade was closed

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s