Trade

Trading Options

Overview

ClickOptions specializes in crypto options trading. All contracts are cash-settled in USDT and can be closed at any time before expiry or held until maturity.

Options give the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified strike price.

Contract Specifications

• Underlying Assets: BTC, ETH on Version 1 — expanding to 15+ assets.

• Contract Size:

  • BTC options → 0.01 BTC per contract

  • ETH options → 0.1 ETH per contract

• Settlement Currency: USDT (linear, not inverse).

• Expiry Times:

  • Daily, Weekly, Monthly, and Quarterly contracts are offered.

  • Each option expires at 08:00 UTC on its maturity date.

• Settlement Method: Proprietary Index Price TWAP (see Expiry & Settlement).

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Option Types

ClickOptions currently supports:

• Call Options → Right to buy the underlying asset at the strike price.

• Put Options → Right to sell the underlying asset at the strike price.

Both Calls and Puts are:

• European-style → Exercised automatically at expiry.

• Closeable before expiry → A trader may close an open option position at any time before maturity.

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Order Types

Currently, ClickOptions supports only limit-style order execution.

• Market Order (not available yet)

  • Reserved for future phases.

• Limit Order

  • Executes at or better than the latest available market price at the moment the order request is submitted.

  • In most cases, the order is filled immediately.

  • If the price shifts unfavorably during order transition, the request remains as a limit order in the order book until it is matched.

  • Orders may be partially filled depending on liquidity.

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Index Price

Index Price

ClickOptions uses a proprietary index price as the settlement reference for all options contracts.

• The index is derived by aggregating real-time data from multiple major exchanges and liquidity venues.

• Pricing is computed using a weighted average formula and filter that incorporates both spot and perpetual futures market data.

• This ensures robust, tamper-resistant pricing, particularly during high-volatility events.

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Example – Buying a Call Option

• Underlying: BTC

• Strike: 100,000 USDT

• Expiry: Daily, 08:00 UTC

• Contract Size: 0.01 BTC

• Premium: 150 USDT

If BTC Index settles at 105,000 USDT:

$$IntrinsicValue = (105{,}000 - 100{,}000) \times 0.01 = 50 \; USDT$$

$$Profit = IntrinsicValue - Premium - Fees$$