Introduction to the options trading page
Click the [USD-M Options] in the top navigation bar to enter the options trading page as follows.
1. Position risk information
Display the risk information of your account, including key indicators such as equity, margin balance, liabilities, IM, and MM rates.
2. Option products
Bit.com currently supports BTC and ETH USD-margined options.
3. Option expiration date information
Bit.com currently offers daily options, weekly options, monthly options, and quarterly options.
4. Option Chain Chart
As shown above, the option chain chart consists of basic options information, strike prices, options parameters and call/put orderbook.
4.1 Basic option information at the top of the chart
It shows the underlying price, option symbol, and expiry of the option.
4.2 The strike prices in the middle of the chart
Each strike price represents an option product. The information on the left and right sides of each strike represents the volume, position, quotation, volatility and other parameters of the option.
For example, the strike price of 24000 represents a BTC option with an expiration date of Jul 28, 2022 and a strike price of $24000.
4.3 Options parameters in the horizontal row
|
24h Vol |
Open |
Last |
Size |
Bid |
Mark |
Ask |
IV |
Delta |
Pos |
|
Last 24 hours volume |
Total open interest |
Last trade price |
Current order size for bids or asks |
The highest bid for the option |
The mark price for the option |
The lowest ask for the option |
The IV of the option |
The change of option price based on $1 increase in the underlying asset’s price. |
Your position of the option |
4.4 Option Quotes on Both Sides
The left and right sides of the option chain are quotation sheets for call options and put options respectively.
5. Trading Information
Here you can view the position information, open orders, order history and trade history.
6. Market Trade Information
You can view the latest trades of options on Bit.com in this module.
Order Types
In the options chain, you can select the option product you want to buy/sell and place an order.
1. Select [Options] - [USD-M Options] in the top navigation bar
2. Select the option product you want to trade (BTC/ETH)
3. Select the expiration date
4. Select the strike price and the option type (calls on the left / puts on the right)
Click on the option product you want to trade and enter the order widget.
1. Select the order type (Limit Order / Market Order)
2. Select the pricing method of order (USD/IV)
3. Enter the price (limit order)/best market price (market order)
4. Enter the order size
5. Select [Buy] or [Sell] to place the order
For USD margined options, traders can choose to price in two ways: pricing in USD (USD orders), and pricing in implied volatility (IV orders).
USD Orders
USD orders are option orders priced in USD. If you want to buy an option for a fixed amount of USD, you can place an order by selecting a USD order.
IV Orders
IV orders are orders where the implied volatility remains constant. The pricing is done based on the Black-Scholes option pricing model. Please note that prices are refreshed once per 6 seconds.
Note: RFQ is not supported yet for USD margined options.