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Hey guys Can someone explain about binary options? I need to know more about it. thank you.

The amount of 0.2 USD has been deposited to your account. Accounts: U42819369->U12. Memo: Бонус за активность Profit-Hunters BIZ. Date: 02:29 09.05.23. Batch: 519631384.

The amount of 0.3 USD has been deposited to your account. Accounts: U42819369->U1710. Memo: Бонус за активность Profit-Hunters BIZ. Date: 02:29 09.05.23. Batch: 519631394. Спасибо за бонус

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A binary option is a sort of options contract in which the payoff is wholly dependent on the conclusion of a yes/no proposition, often relating to whether the price of a certain asset will increase above or fall below a certain amount. Let's assume stock Colgate-Palmolive is currently trading at $64.75. A binary option has a strike price of $65 and expires tomorrow at 12 p.m. The trader can buy the option for $40. If the price of the stock finishes above $65, the option expires in the money and is worth $100. The trader makes $60 ($100 – $40).

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