By Darrell Martin
The Nadex Exchange has announced that it will be adding additional night time and afternoon intraday binary strikes and expirations for the EUR/JPY, staring on April 7th.
It recently added more binary expirations for the AUD/USD, GBP/USD and Nikkei 225. These changes allow more opportunities for evening traders to trade the Forex markets with defined risk, neutral and directional trades.
With these additions, Nadex now offers more than 2,400 binary option contracts on 24 markets – with over 25 expirations a day depending on the market, with 3 to 21 binary strikes per expiration. The binary contracts on Nadex can be opened and closed before expiration, allowing traders to trade trend, swing, and neutral strategies all with defined risk.
Related: What Is A Nadex Binary Option?
Here is a chart of the EUR/JPY during the day, showing this is a market with plenty of volatility. This shows nearly 100 pips just in the past 24 hours, making it a great candidate for trading Nadex.
To See The Chart of EUR/JPY go HERE
All Nadex binaries are based on Reuters Forex Spot Quotes. They are not based on the Forex future or the Forex ETF contracts.
The new EUR/JPY Nadex binary contracts will be available for trading during the following hours effective April 7, 2014:
6:00-8:00 pm, 7:00-9:00 pm, 8:00-10:00 pm, 9:00-11:00 pm, 10:00-11:00 pm, 11:00 PM-12:00 am, 12:00-2:00 am, 1:00-3:00 am, 2:00-4:00 am, 3:00-5:00 am, 4:00-6:00 am, 5:00-7:00 am, 6:00-8:00 am, 7:00-9:00 am, 2:00-4:00 pm, Sunday to Friday and 3:00-5:00 pm (Monday to Thursday).
In addition, they have 10:00 am, 11:00 am and 12:00 pm, 1:00 pm, 2:00 pm and 3:00 pm two-hour expirations already in place.
The Intraday contracts begin trading at 6:00 pm ET Sunday, with the first expiration at 8:00 pm ET, and the final intraday expiration at 5:00 pm ET the following day through Friday. On Friday, there is not a 5:00 pm intraday expiration.
The Weekly contracts begin trading at 6:00 pm ET on Sunday and expire at 3:00 pm ET on Friday. They are open for trading from 6:00 pm ET Sunday to 3:00 pm ET Friday. (Closed between 5:00 pm ET and 6:00 pm ET Monday through Thursday).
The Daily contracts begin trading 23 hours before expiration. Daily expirations are at 7:00 pm, 11:00 pm, 3:00 am, 7:00 am, 11:00 am and 3:00 pm ET. There is not a 7:00 pm or 11:00 pm expiration on Friday. There is not a 7:00 pm expiration on Sunday.
Who is Nadex?
The North American Derivatives Exchange is based out of Chicago and is regulated by the U.S. Futures Trading Commission (CFTC). Nadex allows traders to trade binaries and spreads on foreign exchange (forex) markets, U.S. and International Stock Indices, and Commodities, like gold and oil. Trades can be opened and closed before expiration and NADEX is not trading against you.
How Can Nadex Binary Contracts Be Used?
These contracts can be used to trade strangles on JPY news, directionally, range bound and premium collection.
For example, you could buy a strike under the price. If the market moves up, stays flat or even moves down some, you can profit. You could buy a strike above the price risking $5 to make $95, or risk $500 to make $9500.
Learn More About Nadex Binaries
On Nadex, the markets are open from as early as 6:00 pm ET to as late as 5:00 pm. the next day, giving the ability to trade day and/or night on intraday, daily and weekly contracts.
See article on Benzinga