Binary code, also known as the binary system, is a base-2 numbering system that uses a series of 0s and 1s to represent numbers. The position of these 0s and 1s indicates the presence or absence ...

With binary options, the strikes can be compared to a vertical spread but replaced with 0 and 100. For binary buyers, the 100 represents the ceiling and the 0 the floor while the binary pricing is ...

The conversion from operator input to binary output is explained first, followed by the mechanical translation back to text on the receiving end.

The binary is a derivative and the pricing, like option premiums, will fluctuate dependent on the usual components of time, volatility and the relation of the strike to the underlying market.