Binary Options on CBOE


#1

I was just reading that the CBOE is now offering Binary Option products very similar to Nadex. Their binaries also settle at $0 or $100, and I believe are price ladder based as well. Has anyone traded these products? If so, how do they compare to Nadex? Just curious. Here is the link…

CBOE - Binary Options Micro (BVZ) Site http://www.cboe.com/micro/binaries/introduction.aspx


#2

They are not new they have had them for years.

They are useless. They are based on only 2 markets. The SPX Index (not futures) and the VIX.

Only have monthly expirations.

Also the volume is extremely low (less than 300 total contracts total in the last month) buyer and seller beware.

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