A one-touch option is a type of option that gives an investor a payout once the price of the underlying asset reaches or surpasses a predetermined barrier. This type of option allows the investor to set the position of the barrier, the time to expiration and the payout to be received once the barrier is broken. This product can be purchased when the markets are closed, Saturday from 12.00 AM to Sunday 19.00 PM.
The settlement of the option (payout) will always be at the expiry of the option, usually Friday 17:10 GMT, even if the terms of the option have been realized before the end of the period. Please note the expiry of the option may differ if subject to different terms. The promised payout will be transferred to the client’s account on the option’s expiration date (Friday 20:00 PM), even if the terms of the options have been realized before the end of the period.
In order to be in the money, the OT should be above/below (depending if it is CALL/PUT) its goal rate at least once at 17:00 GMT. It has to be in the money at 17:00 GMT to result as a win.