Swiss FX marketplace Dukascopy has today provided a welcome piece of news to fans of binary options trading. Clients of Dukascopy Bank and Dukascopy Europe can now trade LIVE with a new type of binary options – Daily Stock Option (DSO).
In their essence, DSO allow to trade binaries of a particular stock based on the price move during the next trading session.
All DSO are one trading session long. That is, the duration of the option is determined by the trading hours of the exchange, where the instrument is traded. Opening price of the DSO order is the price of the underlying instrument on trading session opening; closing price of the DSO order is the price of the underlying instrument on the closing of the same trading session.
In case of a correct forecast, the option will be in-the-money and the trader will get back the paid premium plus an amount equals to the applicable payout ratio multiplied by the paid premium. The base payout rate is 70%.
The list of underlying assets for the new options includes stock of hundreds of companies listed on exchanges in the US, Europe and Asia-Pacific.
To learn more about Daily Stock Options, click here.