Hi It's Unicorn

 

This time, we will tell you how to trade with Vanilla Options on Binance Exchange! 

 

 

First, enter to Binance European options page! Click “Derivatives” and select “Vanilla Options”

 

 

After entering Binance European Option, you will see is the quotation form of Options.

 

 

1. At the top is the current status of your assets, including total funds, margin, profit and loss, etc.

 

2. The middle part are divided into call and put options. The left side is call options, and the right side is put options.

3. At the bottom is your historical order and the status of current order.

 

You can filter by the "Exercise Time" and "Strike Price" on the upper left corner.

 

Volume: It refers to the the number of contracts. 

Delta: It’s referred to as a hedge ratio that measures the impact of a change in the price of underlying. Delta = option price change / futures price change

Implied volatility(IV): It shows how volatile the market might be in the future, and can help you calculate probability. If the volatility is higher, the premium will be more expensive. 

Bid and Ask: It refers to a two-way price quotation that indicates the last commission price of the premium in the market. 

 

For novices, buying and selling prices, spot index prices, and strike prices are more important parts, because these are the key factors that affect your profit.

 

Now we can transfer funds to the Vanilla options account.

 

All Binance Vanilla Options Contracts are priced and settled in USDT and use the cash settlement method. No matter you get profits or losses, both are settled in USDT.

 

Click “transfer” which is at the top of the middle and enter the amount you need and click "Submit".

 

 

After the funds are transferred, we can proceed with the transaction.

 

 

Contract name: BTC-210326-19000-C 

⇢ Contract name interpretation: Underlying asset-expiration time-exercise price-type.

 

Underlying asset: BTC

Expiration time: 2021/03/26

Exercise price: USDT19,000 

Options Style: C is Call Options. P is Put Options.