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Comment for Public Information Collection 86 FR 20129

  • From: Jordan Austin
    Organization(s):
    Nadex trader

    Comment No: 65833
    Date: 5/10/2021

    Comment Text:

    Hi,

    I have traded NADEX binary options and I propose the pricing should be regulated. Many of the contracts have unfair prices for the consumer when considering the lack of volatility. This trade was a buy at 14.50 out of a maximum of $100. It was very far away from the strike price in the 10 point range I believe more when the market wasn't volatility. There is no way it had a even a 10 percent chance of winning but was priced rather high with only 1:30 seconds left in the trade.