In the money
The full payout
A multiple of your premium, agreed on day one. It does not move with the market.
Education series / No. 01Live webinar · Thursday, August 20 · 12:00 PM EST
Risk 20K.Target 350K.Trade binary optionslike a pro.
A bullish view expressed for a multiple of the money you put up, with the downside capped at what you paid.
Save my seatFree · 45 min · Recording sent to everyone who registers
Starts in
Live Aug 20At risk
$20,000
Target payout
$350,000 at the $100K strike
Illustrative only. Figures reflect one example structure: a $20,000 premium on a $100,000 bitcoin strike at a 17.5x payout. They are not a quote, an offer, or an indication of a typical or expected outcome. Live pricing depends on spot, the strike, the date, and market conditions at the time of the trade.
What is a long binary call?
A fixed-cost bet that an asset closes above a price you pick, on a date you pick.
1
How it works
The structure
Any asset · any level · any date2
Worked example
One BTC trade
$100,000 strike · $20,000 premiumYou pick
The asset
bitcoin, ether, HYPE, or any major crypto asset
Bitcointhe asset you have a view on
Above
A price level
the strike you want to clear
$100,000the level it has to close above
On
A date
when the trade settles
December 26the day it settles
You pay
The premium
fixed up front, and your max loss
$20,000paid once, and that is the whole cost
You collect
A multiple of it
agreed on day one, if it closes above
$350,00017.5x the premium. Closes below and the $20,000 is the whole loss.
Illustrative only. The example figures walk through a single hypothetical structure and are not a quote, an offer, or an indication of a typical or expected outcome. Premiums, strikes, dates, and payout multiples are set per trade and depend on spot and market conditions at the time. Multiples vary widely.
How it settles
Two outcomes. Both of them known before you enter.
Out of the money
Only the premium
What you paid, and nothing beyond it. No margin call, no liquidation.
Illustrative only. Both outcomes describe how the structure settles in general terms. Actual premiums, strikes, dates, and payouts are set at the time of the trade. Nothing here is a quote, an offer, or investment advice.
Watch a live trade get priced, start to finish.
Save my seatThe case for it
Why use a long binary call over spot?
Spot pays you in proportion to the move. A binary pays a multiple of what you put up, and on distant strikes that multiple can be a large one. Spot can fall as far as the market goes. Here the worst case is the premium, and you know it before you enter.
There’s no margin to post, no liquidation level, and no stop to babysit through the noise in between. Nothing to manage until the date.
Use it whenYou have a view on a level and a date, and you want the risk capped.
Stick to spot whenYou want to own the asset itself, with no date attached to being right.
A fraction of the capitalvs. buying outright
Worst case knownbefore you enter
Multiples on the premiumagreed day one
Nothing to manageuntil the date
Run of show
Save my seat45 minutes, minute by minute
The structure, from zero
No background needed. What a binary option actually is, built up from nothing.
Three trades on screen
Bitcoin, ether, and HYPE, priced live off the desk’s own sheets. Strikes, premiums, and payout multiples quoted on the day.
How the numbers are set
Why one price level costs more than another, and how a 17.5x payout comes together.
What happens on the final date
We settle a real trade on screen so you see a win and a loss each play out.
When to use it, and when not to
The honest version: the views this fits, and where you’re better off elsewhere.
Open Q&A with the desk
Bring your questions. We’ll answer them live.
Before you register
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Trade long binary calls.
Thursday, August 20 at 12:00 PM ESTFree · 45 min · Recording included
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