Creating a trade
Understanding how to create a trade
Last updated
Understanding how to create a trade
Last updated
Vanilla options are all ATM (At-The-Money) so your strike price will be the market price when your order is executed on the blockchain.
You can choose a CALL if you expect the price to go up or a PUT if you expect it to go down.
You also need to choose an expiration time, vanilla options are available between 10 minutes and 24hours offering maximum flexibility.
The sentiment component shows you the call/put ratio of active trades which can be useful in understand live market sentiment of traders on the platform.
The handy summary box gives you a review of the trade before you order it.
Strike price is the current spot price
Premium is your outlay you pay upfront
Break-even price is the level which the price needs to reach in order for you to 'break-even' which includes commission paid
Take profit price is the price which needs to be reached in order for your target profit to be realised.
Expiration is the maturity you selected
Quantity is the number of option contracts you are purchasing
Contract size is equal to the number of option contracts multiplied by the underlying asset price
Commission fee is 0.1% of the underlying contract value, scaled by the option maturity. You can save 25% of this by paying in BLX. Just tap on the BLX text in the summary box to select that.
You can also add a 'take profit' condition to your trade. This means that your trade will automatically settle if the target price is reached. You can also change your take profit after the trade begins.
