"What if the lowball price you place gets hit now on the way up?...

"What if the lowball price you place gets hit now on the way up? "

Goldpirate. If your broker offers it (I know Etrade does) you could consider a trailing stop loss to lock in any profits. Just say it jumps to $1.00 on good results. If you want to lock in this profit but still benefit if the shares go higher then the trailing stop loss will do the trick. Perhaps the shares might continue up to $2.00 before turning down say where you get stopped out. Of course like all things, these trailing stop losses aren't perfect - the shares could briefly turn down enough to take you out before continuing up dramatically - to your chagrin.

In terms of definitely binary - I'm not so sure. What about if we get a middling ambiguous result? Oil shows that may or may not be commercial etc