Early Closure

Early Closure List

Introduction

OptionFair’s trading platform allows open positions to be closed prior to the scheduled expiry time. All open positions are listed in the “My Open Trades” section situated on the right hand side of Trade window. Click on the asset name to open the trading slip and view the return available for early closure. Simply click on the close button and the option will expire with this return.

Terminology

The following terms are used by OptionFair™ to calculate values for closing positions prior to the scheduled expiry time:
Market Price: The last known market price as calculated from Bid, Ask and Last Trade prices quoted by Data Provider.
Time to Expiration: The time left until the position reaches the scheduled expiry time.
In the Money: see  “In the Money” section below
Out of the Money: see  “Out of the Money” section below

In the Money Close Value Calculations

Increase in close value

The following parameters will always increase the early close value for positions currently “in the money”:

InstrumentType of OptionParameterChange
All All Time to Expiry Shortens
High/Low High Market Price Increases
High/Low Low Market Price Decreases
One Touch No Touch Market Price Moves away from touch value
Boundary In Bound Market Price Moves towards the middle of the boundary formed by the upper and lower target values
Boundary Out Bound Market Price Moves away from the edges of the boundary formed by the upper and lower target values

Decrease in close value

The following parameters will always decrease the early close value for positions currently “in the money”:

InstrumentType of OptionParameterChange
High/Low High Market Price Decreases
High/Low Low Market Price Increases
One Touch No Touch Market Price Moves towards the touch value
Boundary In Bound Market Price Moves towards the edge of the boundary formed by the upper and lower target values
Boundary Out Bound Market Price Moves towards either edge of the boundary formed by the upper and lower target values

Out of the Money Close Value Calculations

Increase in close Value

The following parameters will always increase the early close value for positions currently “out of the money”:

InstrumentType of OptionParameterChange
High/Low High Market Price Increases
High/Low Low Market Price Decreases
One Touch Touch Market Price Moves towards the touch value
One Touch No Touch Market Price Moves away from touch value
Boundary In Bound Market Price Moves towards the boundary formed by the upper and lower target values
Boundary Out Bound Market Price Moves towards the edges of the boundary formed by the upper and lower target values

Increase in close Value

The following parameters will always decrease the early close value for positions currently “out the money”:

InstrumentType of OptionParameterChange
High/Low High Market Price Decreases
High/Low Low Market Price Increases
One Touch Touch Market Price Moves away from touch value
One Touch No Touch Market Price Moves towards the touch value
Boundary In Bound Market Price Moves away from the boundary formed by the upper and lower target values
Boundary Out Bound Market Price Moves towards the edges of the boundary formed by the upper and lower target values

Availability

The early closure feature is not available at the following times:
  1. For a certain time after the position is purchased (typically 5 minutes)
  2. From the no more trades time (5-7 minutes before the expiry time when trading is not allowed)
In addition OptionFair™ reserves the right to suspend the early closure functionality at any time.

 

OptionFair® is an innovative binary options trading platform provider operated by B.O. TradeFinancials, a company located in the Republic of Cyprus and licensed by the Cyprus Securities and Exchange Commission: License Number 216/13 www.cysec.gov.cy

 

Risk Warning: All information in and on OptionFair.com is solely for informative means, and is not intended to be taken as financial advice on any issue or subject. No users, traders or site viewers should act, or not act, as a result of OptionFair’s content without first consulting the suitable financial expert advice. B.O. Tradefinancials and its affiliates publically repudiate all liabilities related to, or resulting from, any acts, taken or not, founded on any or all of the content on this site. It is recommended that traders should know that Binary Options trading is known as a ‘high risk’ monetary activity that has the potential to cause the trader to lose part of, or all of, the invested funds in a relatively short time period. All traders are kindly advised to decide if this activity will fit their needs, if they have the fiscal resources for it and if this is a worthwhile personal undertaking.

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