Binary bets - index options on steroids

Had an interesting chat to an online pal of mine who lives in the Bahamas, trading when he can as he resists retirement. We spoke about 911 and the effect it had on global markets, not least the impact it had on regulating the spoos and other index options he was making a killing on before 911. Spread betting firms binary bets are filling this gap right now, they are like "index options on steroids" in his words.. I was walking him through a couple of setups today on the F2358 Binary Power method.