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Binary call option gamma
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After 5 minutes passed, EUR/USD is trading at 1.12012, lower than the price 5 minutes earlier, when you entered the trade. Your trade gets closed by the broker automatically after expiry of 5 minutes. Since your prediction was right and EUR/USD is trading lower, your trade gets closed.
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similarly, binary put options pay the predetermined price if the price of the underlying security binary call option gamma is trading at less than the option strike price at expiration. Q5: What is ABS how does it work?
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