Buy Me Out
Option24Hours' new feature, is the “Buy Me Out”
option. This new feature allows traders to sell their option, up to a certain point prior to the expiry of their investment.
This feature not only adds a dynamic edge to the trading platform, but also helps the Trader to limit and reduce their loss and
risk. Option24Hours is the first trading platform to offer this new option to its customers.
It is simple
and easy to use. If you want to exit your option before it ends, simply click on the "BuyMeOut" button, and the system
will offer you a price to close your trade at that time. You can sell your position, both if it is profitable or not
at that time.
The "Buy Me Out" feature is only available in "ProTrader"
The “area”, where the customer can sell an option, will be marked on the floating chart in light
Blue as the following:
When a trader wants to Sell an Option, you need to press on “Sell” button located next
to the “Roll Over” and “Double Up” Buttons, as the following:
The Customer will then get a Price quote for Selling, and in order to Sell, he will have to approve within 3 seconds.
The "Buy Me Out" tool, is available as of today, in the following assets: