Font Size: AAA // Print // Bookmark

Comment for Public Information Collection 86 FR 20129

  • From: Jordan Austin
    Nadex trader

    Comment No: 65833
    Date: 5/10/2021

    Comment Text:


    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.