Q - 2. Can I sell out of my Binary Options position before expiration?
A - 2. Yes, just like a traditional option, you can choose to sell out or liquidate your position before expiration by entering a sell order (if you are long or a buy order if you are short), which, when executed, will be cleared at the OCC and offset your existing position. If you sell your Binary Option for more than you paid for it, you will collect the difference.