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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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Star Trek Discovery - Nude Aliens And Swearing!
Star Trek: Discovery is an upcoming American television series created by Bryan Fuller and Alex Kurtzman for CBS All Access. It is the first series developed specifically for that service, and the first Star Trek series since Star Trek: Enterprise concluded in 2005. Set roughly a decade before the events of the original Star Trek series, separate from the timeline of the concurrent feature films, Discovery explores a previously mentioned event from the history of Star Trek while following the crew of the USS Discovery. Gretchen J. Berg and Aaron Harberts serve as showrunners on the series, with producing support from Akiva Goldsman.
The new series was announced in November 2015, and Fuller joined as showrunner the next February. In addition to Fuller and Kurtzman, who wrote for previous Star Trek series and films, respectively, the crew includes previous Star Trek creative Nicholas Meyer as consulting producer, and Star Trek creator Gene Roddenberry's son Rod as executive producer. The production put emphasis on carrying on the legacy of the previous series, including making efforts to feature a diverse cast and taking inspiration from original designs by Ralph McQuarrie. In October 2016, Fuller stepped back from showrunner due to other commitments, after establishing the series' mythology and broad story arc. Berg and Harberts took over day-to-day production, and Goldsman joined as support. Discovery stars Sonequa Martin-Green, Doug Jones, and Anthony Rapp.
Star Trek: Discovery is set to premiere on CBS in May 2017, before moving to All Access. The first season will consist of 13 episodes.
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