CBOE releases binary options on S&P, VIX

By Active Trader Staff
The Chicago Board Options Exchange (CBOE) began offering binary options on both the S&P 500 (SPX) and Volatility Index (VIX) on July 1. Binary options, which are common in the overthe- counter (OTC) market, offer an allor- nothing payout: If an option you own moves into the money (by any amount), you receive a fixed payment.


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