A Binary Way To Profit From The Non-Farm Payrolls Report

• Via the Nonfarm Payrolls report U.S. Bureau of Labor Statistics makes public the number of jobs added or lost in the U.S. economy over a certain month -- excluding those in the farming industry, government institutions, private households and certain nonprofit organizations.
• According to usual estimates, workers on the Nonfarm Payrolls account for roughly 80 percent of the U.S.’ GDP.
• The Employment Situation report for December 2015 is scheduled to be released on January 8, at 8:30 A.M. Eastern Time.

The release of the next Nonfarm Payrolls report is scheduled for January 8. Many investors anticipating the figures wonder if there is a simple way to profit from this report. Well, there’s always binary options.

Related Link: The Fed Raises Rates: How You Could've Played It

What Are Binary Options?

Trading via binary options is pretty much what investors can imagine: Playing a binary event. “Binary options are limited risk contracts based on a simple yes/no market proposition like will the markets go up by the end of the trading week,” binary options trading site Nadex explained.

Trading Nonfarm Payrolls Via Binaries

A traditional Nonfarm Payrolls Binary Option contract may be: Nonfarm Payrolls >= 150000

For those who believe the change will be greater than or equal to 150,000, Buying this Binary Option might be the way to go.

For those who think the new target rate will stand under 150,000, Selling this contact might be best.

Take into account that the change from October to November was + 211,000.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.