Settling Options Step-By-Step
Instructions for buyer intervention.
After expiration, a trader's binary options are either valuable (in-the-money or ITM) or worthless (out-of-the-money or OTM). Settlement is the process of transferring funds to the trader if the options are ITM, or the writer (liquidity pool) if the options are OTM. This is how to settle options, step-by-step:
Step 1: Exercise Valuable Options
Want to claim the 0.2% settlement fee for yourself? visit the "Settle" page and claim the entire value of the option for yourself.
While you're there you can help others (and earn a risk-free fee for yourself) by settling other ITM or OTM options
Even if your option choice is wrong you can get some of your money back by expiring it.
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