Let's have a look at the most popular Binary Option Lingos.
Call: You choose Call when you predict that the price of the asset will rise higher than the present rate.
Put: You choose Put when you predict that the price of the asset will fall below the present rate.
Strike Rate: This is the rate at which you buy a “Call/Put” the option. This rate will determine the success and failure of your trade.
Current Rate: This indicates the asset's real time rate. Upon expiry, the system will compare the current rate to the strike rate in order to determine whether your trade was successful or not.
Expiry Time: This is the date and time you choose for the expiration of the asset you want to trade.
In The Money: This means success. If your option was successful at time of expiry, it is know as ending In The Money. For example, if you bought a Call option and the current rate is higher than the strike rate at time of expiry, your option will end In The Money.
Out Of The Money: This means that you missed out on your position. If the current rate ends opposite to what you predicted at time of expiry, your trade is termed Out Of Money.
At The Money: If the current rate is equal to the strike rate at time of expiry, your trade will be deemed At The Money. When this occurs, you investment is credited back to your account.