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Decide on the amount to invest on a trade. Select Call/Up if you predict the asset price will rise or Put(Down) if you predict the asset price will fall over the specified period Place the trade and collect your winnings if you predict correctly. How.
That means that you can only exercise the option on the expiration date. Of course it is still an option, which means that you have the right but not the obligation to exercise it. Obviously, if you have a call option and the Index closes.
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Then, you wait to see if you were right or wrong. Types of Options At their most basic, there are two main types of binary options. The call option is what you will use when you think that the price of the asset in question.
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