This is because if price terminates within
this range at expiration then you will collect a double payout.
This type of binary option pays out if the trader can correctly predict whether the value of the underlying asset will fall within a certain
range at expiration or not.
Not exact matches
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expiration dates.
While binary options have an all - or - nothing result
at expiration, spreads expire
at the price of the underlying if it's within the
range, or
at the floor or ceiling if the underlying is outside the
range.
At expiration, a spread will have a price somewhere within the
range.
Every time it hits this price
range it sells out quickly, so I doubt this will last as long as the set
expiration date of Monday, September 15th
at 8 am Pacific.