I tend to not take absolute positions. They make one come across as arrogant and inflexible.
Typically (and this includes institutional derivatives products) if a derivative product is designed primarily for speculation, it's a scam. Derivative markets really only work if there is real risk transference, that is someone is trading a derivative to hedge a risk and someone else is trading the derivative to take on that risk premium for profit.
No one uses binary options to hedge. It's all gamblers and speculators against a "market maker." Thus it's a BS product.
