Binary Options Trading Practice Test

In a 'High/Low' binary option, what must happen for a 'High' (Call) trade to expire in the money?

The asset price must touch a specific high level during the trade The asset price must close higher than the strike price at expiry The asset price must reach an all-time high The asset price must close higher than the previous day's close

Correct Answer:

The asset price must close higher than the strike price at expiry

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