Binary options are "fake" in that they're often promoted by boiler-room operations in a fraudulent manner-- it's not like they're something that's actively trad

Binary options are "fake" in that they're often promoted by boiler-room operations in a fraudulent manner-- it's not like they're something that's actively traded on the market. If anything, it's more common to use a "collar" strategy in order to get a similar sort of exposure, but benefit from liquidity of the ordinary options markets.