newsfilter
← Latest News
GlobeNewswire·

Moomoo Joins NYSE to Debut Binary Return Options, Broadening Access to Options Trading for Retail Investors

FUTU
  • Moomoo announced plans to join NYSE American in offering Binary Return Options to U.S. retail investors starting on the launch date.
  • As one of the first U.S. brokerages to introduce the product, Moomoo aims to provide immediate access to these exchange-listed contracts on selected highly liquid stocks & ETFs.
  • Binary Return Options are European-style contracts featuring an all-or-nothing payout structure where investors predict if a security will finish above or below a specified price at expiration.
  • Contracts offer two defined outcomes: Finish High (price at or above strike) or Finish Low (price below strike), with a fixed $100 payout if the condition is met.
  • If the price condition is not met, the contract expires worthless & buyers lose the premium paid, while actual returns depend on the premium & applicable fees.
  • The initial lineup includes 12 underlying securities: six equities (AAPL, AMZN, NVDA, ORCL, SPCX, TSLA) & six ETFs (GLD, IBIT, IWM, SLV, SPY, TLT) with five consecutive weekly expiration series.
  • Moomoo supports trading with dedicated risk analytics, visualized probability models, Advanced Order types, & tools like the P&L Simulator & Strategy Builder.
  • Kevin Tyrrell, Chief Product Officer at NYSE, highlighted strong U.S. market growth & interest in newer trading products.
  • Neil McDonald, CEO at Moomoo U.S., stated the goal is to make options trading easier by clarifying product mechanics, risks, & market views.
  • Moomoo plans to expand Binary Return Options availability to Asia investors over time, leveraging its global infrastructure.
  • The platform currently serves over 31 million users worldwide & offers Moomoo Engine as a paid subscription ($3.99/mo or $39.90/yr) for access to featured tools.
  • Moomoo Financial Inc. is a subsidiary of a Nasdaq-listed company, offers securities through its brokerage account, & is a Member of FINRA/SIPC.
Company
Moomoo
Keywords
Nasdaq:FUTU, Moomoo, NYSE, Binary Return Options, Options Trading, Moomoo, Retail Investor