November 18, Annual Water Conference — In-Person and Online. We believe in the power of good information to build a brighter future for California. Help support our mission. Mark Baldassare , Dean Bonner , Rachel Lawler , and Deja Thomas.

Supported with funding from the Arjay and Frances F. Miller Foundation and the James Irvine Foundation. California voters have now received their mail ballots, and the November 8 general election has entered its final stage.

Amid rising prices and economic uncertainty—as well as deep partisan divisions over social and political issues—Californians are processing a great deal of information to help them choose state constitutional officers and state legislators and to make policy decisions about state propositions.

The midterm election also features a closely divided Congress, with the likelihood that a few races in California may determine which party controls the US House. These are among the key findings of a statewide survey on state and national issues conducted from October 14 to 23 by the Public Policy Institute of California:. Today, there is a wide partisan divide: seven in ten Democrats are optimistic about the direction of the state, while 91 percent of Republicans and 59 percent of independents are pessimistic.

Californians are much more pessimistic about the direction of the country than they are about the direction of the state. Majorities across all demographic groups and partisan groups, as well as across regions, are pessimistic about the direction of the United States.

A wide partisan divide exists: most Democrats and independents say their financial situation is about the same as a year ago, while solid majorities of Republicans say they are worse off. Regionally, about half in the San Francisco Bay Area and Los Angeles say they are about the same, while half in the Central Valley say they are worse off; residents elsewhere are divided between being worse off and the same.

The shares saying they are worse off decline as educational attainment increases. Strong majorities across partisan groups feel negatively, but Republicans and independents are much more likely than Democrats to say the economy is in poor shape.

Today, majorities across partisan, demographic, and regional groups say they are following news about the gubernatorial election either very or fairly closely. In the upcoming November 8 election, there will be seven state propositions for voters. Due to time constraints, our survey only asked about three ballot measures: Propositions 26, 27, and For each, we read the proposition number, ballot, and ballot label.

Two of the state ballot measures were also included in the September survey Propositions 27 and 30 , while Proposition 26 was not.

This measure would allow in-person sports betting at racetracks and tribal casinos, requiring that racetracks and casinos offering sports betting make certain payments to the state to support state regulatory costs.

It also allows roulette and dice games at tribal casinos and adds a new way to enforce certain state gambling laws. Fewer than half of likely voters say the outcome of each of these state propositions is very important to them.

Today, 21 percent of likely voters say the outcome of Prop 26 is very important, 31 percent say the outcome of Prop 27 is very important, and 42 percent say the outcome of Prop 30 is very important.

Today, when it comes to the importance of the outcome of Prop 26, one in four or fewer across partisan groups say it is very important to them. About one in three across partisan groups say the outcome of Prop 27 is very important to them.

Fewer than half across partisan groups say the outcome of Prop 30 is very important to them. When asked how they would vote if the election for the US House of Representatives were held today, 56 percent of likely voters say they would vote for or lean toward the Democratic candidate, while 39 percent would vote for or lean toward the Republican candidate. Democratic candidates are preferred by a point margin in Democratic-held districts, while Republican candidates are preferred by a point margin in Republican-held districts.

Abortion is another prominent issue in this election. When asked about the importance of abortion rights, 61 percent of likely voters say the issue is very important in determining their vote for Congress and another 20 percent say it is somewhat important; just 17 percent say it is not too or not at all important.

With the controlling party in Congress hanging in the balance, 51 percent of likely voters say they are extremely or very enthusiastic about voting for Congress this year; another 29 percent are somewhat enthusiastic while 19 percent are either not too or not at all enthusiastic. Today, Democrats and Republicans have about equal levels of enthusiasm, while independents are much less likely to be extremely or very enthusiastic.

As Californians prepare to vote in the upcoming midterm election, fewer than half of adults and likely voters are satisfied with the way democracy is working in the United States—and few are very satisfied.

Satisfaction was higher in our February survey when 53 percent of adults and 48 percent of likely voters were satisfied with democracy in America. Today, half of Democrats and about four in ten independents are satisfied, compared to about one in five Republicans. Notably, four in ten Republicans are not at all satisfied. In addition to the lack of satisfaction with the way democracy is working, Californians are divided about whether Americans of different political positions can still come together and work out their differences.

Forty-nine percent are optimistic, while 46 percent are pessimistic. Today, in a rare moment of bipartisan agreement, about four in ten Democrats, Republicans, and independents are optimistic that Americans of different political views will be able to come together. Notably, in , half or more across parties, regions, and demographic groups were optimistic.

Today, about eight in ten Democrats—compared to about half of independents and about one in ten Republicans—approve of Governor Newsom. Across demographic groups, about half or more approve of how Governor Newsom is handling his job. Approval of Congress among adults has been below 40 percent for all of after seeing a brief run above 40 percent for all of Democrats are far more likely than Republicans to approve of Congress.

Fewer than half across regions and demographic groups approve of Congress. Approval in March was at 44 percent for adults and 39 percent for likely voters. Across demographic groups, about half or more approve among women, younger adults, African Americans, Asian Americans, and Latinos. Views are similar across education and income groups, with just fewer than half approving. Approval in March was at 41 percent for adults and 36 percent for likely voters.

Across regions, approval reaches a majority only in the San Francisco Bay Area. Across demographic groups, approval reaches a majority only among African Americans.

This map highlights the five geographic regions for which we present results; these regions account for approximately 90 percent of the state population.

Residents of other geographic areas in gray are included in the results reported for all adults, registered voters, and likely voters, but sample sizes for these less-populous areas are not large enough to report separately. The PPIC Statewide Survey is directed by Mark Baldassare, president and CEO and survey director at the Public Policy Institute of California.

Coauthors of this report include survey analyst Deja Thomas, who was the project manager for this survey; associate survey director and research fellow Dean Bonner; and survey analyst Rachel Lawler. The Californians and Their Government survey is supported with funding from the Arjay and Frances F. Findings in this report are based on a survey of 1, California adult residents, including 1, interviewed on cell phones and interviewed on landline telephones.

The sample included respondents reached by calling back respondents who had previously completed an interview in PPIC Statewide Surveys in the last six months.

Interviews took an average of 19 minutes to complete. Interviewing took place on weekend days and weekday nights from October 14—23, Cell phone interviews were conducted using a computer-generated random sample of cell phone numbers. Additionally, we utilized a registration-based sample RBS of cell phone numbers for adults who are registered to vote in California. All cell phone numbers with California area codes were eligible for selection.

After a cell phone user was reached, the interviewer verified that this person was age 18 or older, a resident of California, and in a safe place to continue the survey e. Cell phone respondents were offered a small reimbursement to help defray the cost of the call. Cell phone interviews were conducted with adults who have cell phone service only and with those who have both cell phone and landline service in the household.

Landline interviews were conducted using a computer-generated random sample of telephone numbers that ensured that both listed and unlisted numbers were called. Additionally, we utilized a registration-based sample RBS of landline phone numbers for adults who are registered to vote in California. All landline telephone exchanges in California were eligible for selection. For both cell phones and landlines, telephone numbers were called as many as eight times.

When no contact with an individual was made, calls to a number were limited to six. Also, to increase our ability to interview Asian American adults, we made up to three additional calls to phone numbers estimated by Survey Sampling International as likely to be associated with Asian American individuals. Accent on Languages, Inc. The survey sample was closely comparable to the ACS figures.

To estimate landline and cell phone service in California, Abt Associates used state-level estimates released by the National Center for Health Statistics—which used data from the National Health Interview Survey NHIS and the ACS.

The estimates for California were then compared against landline and cell phone service reported in this survey.

We also used voter registration data from the California Secretary of State to compare the party registration of registered voters in our sample to party registration statewide. The sampling error, taking design effects from weighting into consideration, is ±3. This means that 95 times out of , the results will be within 3. The sampling error for unweighted subgroups is larger: for the 1, registered voters, the sampling error is ±4.

For the sampling errors of additional subgroups, please see the table at the end of this section. Sampling error is only one type of error to which surveys are subject. Results may also be affected by factors such as question wording, question order, and survey timing.

We present results for five geographic regions, accounting for approximately 90 percent of the state population. Residents of other geographic areas are included in the results reported for all adults, registered voters, and likely voters, but sample sizes for these less-populous areas are not large enough to report separately.

We also present results for congressional districts currently held by Democrats or Republicans, based on residential zip code and party of the local US House member. We compare the opinions of those who report they are registered Democrats, registered Republicans, and no party preference or decline-to-state or independent voters; the results for those who say they are registered to vote in other parties are not large enough for separate analysis.

We also analyze the responses of likely voters—so designated per their responses to survey questions about voter registration, previous election participation, intentions to vote this year, attention to election news, and current interest in politics. The percentages presented in the report tables and in the questionnaire may not add to due to rounding. Additional details about our methodology can be found at www. pdf and are available upon request through surveys ppic. October 14—23, 1, California adult residents; 1, California likely voters English, Spanish.

Margin of error ±3. Percentages may not add up to due to rounding. Overall, do you approve or disapprove of the way that Gavin Newsom is handling his job as governor of California? Overall, do you approve or disapprove of the way that the California Legislature is handling its job? Do you think things in California are generally going in the right direction or the wrong direction?

Thinking about your own personal finances—would you say that you and your family are financially better off, worse off, or just about the same as a year ago? Next, some people are registered to vote and others are not. Are you absolutely certain that you are registered to vote in California? Are you registered as a Democrat, a Republican, another party, or are you registered as a decline-to-state or independent voter?

Would you call yourself a strong Republican or not a very strong Republican? Do you think of yourself as closer to the Republican Party or Democratic Party? Which one of the seven state propositions on the November 8 ballot are you most interested in? Initiative Constitutional Amendment and Statute. It allows in-person sports betting at racetracks and tribal casinos, and requires that racetracks and casinos that offer sports betting to make certain payments to the state—such as to support state regulatory costs.

The fiscal impact is increased state revenues, possibly reaching tens of millions of dollars annually. Some of these revenues would support increased state regulatory and enforcement costs that could reach the low tens of millions of dollars annually. If the election were held today, would you vote yes or no on Proposition 26?

Initiative Constitutional Amendment. It allows Indian tribes and affiliated businesses to operate online and mobile sports wagering outside tribal lands.

It directs revenues to regulatory costs, homelessness programs, and nonparticipating tribes. Some revenues would support state regulatory costs, possibly reaching the mid-tens of millions of dollars annually. One of Josh's first memories is of playing Quake 2 on the family computer when he was much too young to be doing that, and he's been irreparably game-brained ever since. His writing has been featured in Vice, Fanbyte, and the Financial Times.

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A binary option is a financial product where the parties involved in the transaction are assigned one of two outcomes based on whether the option expires in the money. Binary options depend on the outcome of a "yes or no" proposition, hence the name "binary.

At the time of expiry, the price of the underlying asset must be on the correct side of the strike price based on the trade taken for the trader to make a profit. A binary option automatically exercises , meaning the gain or loss on the trade is automatically credited or debited to the trader's account when the option expires.

That means the buyer of a binary option will either receive a payout or lose their entire investment in the trade—there is nothing in between. Conversely, the seller of the option will either retain the buyer's premium , or be required to make the full payout.

The trader makes a decision, either yes it will be higher or no it will be lower. A vanilla American option gives the holder the right to buy or sell an underlying asset at a specified price on or before the expiration date of the option.

A European option is the same, except traders can only exercise that right on the expiration date. Vanilla options, or just options, provide the buyer with potential ownership of the underlying asset. When buying these options, traders have fixed risk, but profits vary depending on how far the price of the underlying asset moves.

Binary options differ in that they don't provide the possibility of taking a position in the underlying asset. Binary options typically specify a fixed maximum payout, while the maximum risk is limited to the amount invested in the option. Movement in the underlying asset doesn't impact the payout received or loss incurred. The profit or loss depends on whether the price of the underlying is on the correct side of the strike price. Some binary options can be closed before expiration, although this typically reduces the payout received if the option is in the money.

Binary options occasionally trade on platforms regulated by the Securities and Exchange Commission SEC and other agencies, but most binary options trading occurs outside the United States and may not be regulated. Unregulated binary options brokers don't have to meet a particular standard.

Therefore, investors should be wary of the potential for fraud. Conversely, vanilla options trade on regulated U. exchanges and are subject to U.

options market regulations. Nadex is a regulated binary options exchange in the U. Nadex binary options are based on a "yes or no" proposition and allow traders to exit before expiry.

If the trader wanted to make a more significant investment, they could change the number of options traded. Non-Nadex binary options are similar, except they typically aren't regulated in the U.

Securities and Exchange Commission. Accessed May 14, Trading Instruments. Options and Derivatives. Company News Markets News Cryptocurrency News Personal Finance News Economic News Government News. Your Money. Personal Finance. Your Practice. Popular Courses. Trading Skills Trading Instruments. What Is a Binary Option? Key Takeaways Binary options depend on the outcome of a "yes or no" proposition. Traders receive a payout if the binary option expires in the money and incur a loss if it expires out of the money.

Binary options set a fixed payout and loss amount. Binary options don't allow traders to take a position in the underlying security. Most binary options trading occurs outside the United States. Article Sources.

Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. Advertiser Disclosure ×. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear.

Investopedia does not include all offers available in the marketplace. Related Terms. Zero Days to Expiration 0DTE Options and How They Work Zero days to expiration options, or 0DTE options for short, are option contracts that expire and become void within a day. Put to Seller Put to seller is when a put option is exercised, and the put writer becomes responsible for receiving the underlying shares at the strike price to the long.

Quadruple Quad Witching: Definition and How It Impacts Stocks Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. Currency Option: Definition, Types, Features and When to Exercise A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a particular period of time.

For this right, a premium is paid to the broker, which will vary depending on the number of contracts purchased. What Are Stock Options? Parameters and Trading, With Examples A stock option gives an investor the right, but not the obligation, to buy or sell a stock at an agreed-upon price and date.

Option Strike Prices: How It Works, Definition, and Example Strike price is the price at which the underlying security in an options contract contract can be bought or sold exercised.

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Blog Post · November 4, Video: Californians and Their Government. This map highlights the five geographic regions for which we present results; these regions account for approximately 90 percent of the state population. Who knows what we'll learn next? California has, and will continue to, lead the nation on not only addressing the worsening climate crisis, but finding proactive solutions. AB by Assemblymember Cristina Garcia D-Bell Gardens — Community emissions reduction programs: toxic air contaminants and criteria air pollutants.

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