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A binary option is a financial option in which the payoff is either some fixed monetary amount or nothing at all.[1][2] While binary options theoretically play a role in asset pricing, they are prone to fraud and banned by regulators in many jurisdictions as a form of gambling.[3] Many binary option outlets have been exposed as scams. The U.S. FBI is investigating binary option scams throughout the world.[4][5] They estimate that the scammers steal $10 billion annually worldwide.[6]
The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The cash-or-nothing binary option pays some fixed amount of cash if the option expires in-the-money while the asset-or-nothing pays the value of the underlying security. They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange).[7]
Many binary option "brokers" have been exposed as questionable operations. In those cases, there is no real brokerage; the customer is betting against the broker, who is acting as a bucket shop. Manipulation of price data to cause customers to lose is common. Withdrawals are regularly stalled or refused by such operations.[9] Though binary options sometimes trade on regulated exchanges, they are generally unregulated, trading on the internet, and prone to fraud.[7] The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have issued a joint warning to American investors regarding unregulated binary options,[10] and have forced a major operator, Banc de Binary, to cease operations in the US and pay back all customer losses. In Israel, where a high concentration of such firms can be found, binary options trading was prohibited for Israeli customers in March 2016, on the grounds that it is a form of gambling and not a legitimate investment technique. A ban on marketing of binary options to overseas customers is under consideration.[3]
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Supergirl Season 2 Episode 10 'We Can Be Heroes' [Review]
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Supergirl is an American superhero action-adventure drama television series developed by Ali Adler, Greg Berlanti and Andrew Kreisberg (the latter two having previously created Arrow and The Flash) that originally aired on CBS and premiered on October 26, 2015. It is based on the DC Comics character Supergirl (Kara Zor-El), created by Otto Binder and Al Plastino, and stars Melissa Benoist in the title role. Supergirl is a costumed superheroine who is the cousin to Superman and one of the last surviving Kryptonians.
The series was officially picked up on May 6, 2015, after receiving a series commitment in September 2014, and received a full season order on November 30, 2015. On May 12, 2016, Warner Bros. Television announced that the series had been renewed for a second season and that it would move from CBS to The CW. It debuted on October 10, 2016.[1] On January 8, 2017, The CW renewed the show for a third season.[2]
Kara Zor-El (Melissa Benoist) was sent to Earth from the doomed planet Krypton as a 13-year-old by her parents Zor-El (Robert Gant) and Alura (Laura Benanti). Alura gave her instructions to protect her infant cousin Kal-El, and informed her that she, like her cousin, would have extraordinary powers under Earth's yellow sun.
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