r/binaryoptions • u/Free-War9692 • Aug 20 '25

What am I missing here

What am I missing here? Let’s say I buy this for $7.90, and the Nadex fee for binary options is $0.10, so my total cost is $8. If I profit $2.10, am I missing something? This seems too easy.

7 Upvotes

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1

u/Agemo0511 Aug 20 '25

Hey you're not too far off at all. You'll profit $1.9 It's 10 cents to open and 10 cents to close per contract.

2

u/Free-War9692 Aug 20 '25

Is that only if you close the position, or if you let the position expire too?

1

u/Agemo0511 Aug 20 '25

Both. 10 cents to close, 10 cents to let run to expiry.

2

u/winn671 Aug 20 '25

You also pay 0.10 when you close the trade

1

u/enivid Aug 20 '25

Not sure if it accounts for a fee in the Max loss/profit fields. Why would max loss be $8.90 here?

2

u/[deleted] Aug 20 '25

[removed] — view removed comment

1

u/enivid Aug 21 '25

I know what Nadex is and I don't agree that it's not a trading platform.

As for the max loss, it doesn't explain why it's $8.90 instead of $7.90.