Binatrades – Range Option

Range Option

Range is a type of binary option where traders predict if an asset will expire within a predetermined range. Based on tunnel trading, range options are currently available at BinaTrade.

In range options, to be in-the-money you must accurately predict whether a price of a specific asset will expire in or out of a predetermined range. For example, let’s say you decided to buy a range option of USD / EUR which is currently trading at 1.10. The option range is between 1.00 – 1.30. You believe that USD / EUR option will expire at about 1.20 and you decide to purchase the in-the-range option.

At the time of expiration, the USD / EUR is at 1.29 and did not break out of the range. This means that you are in-the-money and makes a profit from your investment.

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How to trade Range Options?

1. Choosing Range Option

range option - menu
Range Option - Select Range Option
  • Login to Binatrades.
  • Navigate to Traderoom.
  • Choose "Range".

2. Choosing an Asset and Expiry

range option - choose asset
Range Option - Select desired asset
  • Choose an asset that you want to invest.
  • Click the drop down menu and choose an expiry time.
  • (Optionally) you can filter the asset list by choosing the type of asset under "Category".

3. Choosing an action

range option - choose action
Range Option - Select desired action
  • Predict if the rate will stay within(In) or go beyond(Out) the given upper and lower predetermined price when the option expires.

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4. Purchase the your Option

range option - purchase option
Range Option - Enter desired investment amount and click buy
  • Enter the amount you wish to invest.
  • Click "Buy".

5. Trade confirmation

range option - purchase confirmation
Range Option - Wait for trade confirmation
  • Wait for trade confirmation to show up.
  • Click "Ok".

6. Open Trades

range option - open trades
Range Option - Check your purchased option
  • Check to see your active order in "Open Trades".

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