Types of Binary Options Binary options can be traded inside the United States or on an international level. Alternatively, some investors may opt to invest in both national and international options. International binary options are officially categorized as being "exotic options" by the United States Securities and Exchange Commission. There are various types of U.S.-based and international binary options. Following is an overview of these various types and how they work.

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Digital Options Digital options are the simplest and most popular form of binary options. They are frequently called up/down options or call/put options simply because an investor need only bet on whether the options will rise above or fall below the active trading price within a certain time period. This time period can be as short as fifteen minutes or as long as a whole day. At the end of the time period, an investor will receive an email stating the current price of the options in question.

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