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A value of 1, indicates that 1, units of the underlying asset (the stock, index, currency, or commodity) were traded, it does not indicate the number of binary options traded based on the asset – the volume does not measure binary options. Learn Successful Binary Options Strategy (Big Ben) along with "Volume Trading" Indicators for "Trading Flow Analysis". Volume is the amount of shares or contracts traded within a set time perimeter (a day, in most cases). The higher the amount, the higher the volume, and hence.