One Touch binary options are a type of exotic option that is growing increasingly popular among traders in commodity and forex markets. This type of option is useful for traders who believe that the price of an underlying asset will exceed a certain level in the future but are unsure about the sustainability of the higher price. They are available for you to purchase on weekends when markets are closed and offer outstanding payouts.
At Redwood Options, One Touch options are the way to make the MOST MONEY POSSIBLE – offering up to 500% on your investment. But, they are a little more challenging than the standard binary option.
With One Touch, you have to reach the specific set price that was designated for the asset. Unlike the standard binary option, predicting price direction is not enough. In fact, the direction is already chosen for you within the option, as well as a target price.
You have to decide if you believe that the prediction the site offers will come to pass.
For example, if the EUR/USD closes at 1.35130 on Friday, then the Redwood Options platform will offer two options.
The first option is for a “Call”, meaning that the EUR/USD will rise and reach 1.38130 at least once in the following week.
The alternative option is for a “Put,” meaning that it will fall to 1.32130 at least once in the following week.
One Touch trades do not wait for the expiry time to settle. Once the price of the underlying asset reaches or falls to the target price, you will earn your profit (with the very first touch of the target price).
You can trade One Touch options from Redwood Options Monday to Friday for expiration’s at 5 pm GMT of the same day.
You can also trade on Saturdays and Sundays with options expiring on the following Friday.
They expire only once a day/week, at 17:00 GMT or 19:30 GMT on Friday.
They are sold at a fixed price – which is not the current market price.
They are above the market price on a “Call” option. They are below the market price on a “Put” option.
One Touch options are “all or nothing”: if your trade expires “in the money” you’ll get the full payout. But if it’s “out of the money,” you’ll lose the value of the trade.
One Touch options can be traded using the Redwood Options platform. Click here to create your trading account.
They are sold in units – with each each unit costing $100 or €100 Monday through Friday.
They are sold in units of $200 or €200 on Saturdays and Sundays.
You can purchase up to five units of any single One Touch option, and you’re free to purchase units from as many different One Touch options as you like.
You’ll find One Touch options for sale directly on the Redwood Options homepage. Alternatively, you can select “One Touch” from the tabs menu.
Each individual One Touch option will display the goal rate at which you’ll be “In The Money” as well as the potential return on investment.
Trading days are Monday through Friday. After an option is bought, the price of the option is checked once per trading day at 17:00 GMT.
If the price at that time on any day is equal with or above the target rate on a Call option or below the target rate on a Put option, then the option will expire “in the money”.
If the price at that time on any day does not reach the target rate, then the option will expire “out of the money”.
One Touch options are settled every week at 19:30 GMT on Friday. At this time the returns for your successful trades will be deposited directly into your Redwood Options account.
A One Touch Trading Example:
Asset: Apple. Spot rate 230. One touch rate 260. “In the money” payout 500%. Unit price $200. Units bought: 3.
In this example, if Apple appreciates to 260 or above at 17:00 GMT on Monday, Tuesday, Wednesday, Thursday or Friday it will expire “in the money” and a 500% profit of $3000 will be made.
One Touch options are purchasable from Saturday at 00:00 GMT to Sunday at 19:00 GMT.
The options are traded from Monday at 00:00 GMT to Friday at 17:10 GMT.
The options may only be purchased in the units which are specified on the site.
The options will be evaluated once a day over a period of five days (Monday through Friday).
The promised payout will be transferred to the client’s account on the option’s expiration date (Friday 20:00), even if the terms of the option have been realized before the end of the period.
The option payout conditions may vary and are shown on the trading box under the “One Touch” folder.