Your journey starts with the home page where you can
Connect your wallet to start trading
Start options trading with Options Wizard
Check My Positions - open orders and options
Check all the token pairs supported on the platform
Home page - Wizard
Home page - My Positions and All Token Pairs
Option Wizard
The Options Wizard represents three blocks with a step by step instructions on starting options trading with buying/selling into existing orders and creating new ones if you don't find enough existing orders or don't like their price.
Option Wizard
Select asset: we support $SOL, $JUP and $BONK for now
Define your strategy for the next 7 days
Set the price target
Set the Position Size - the amount of orders you want to accept or create
Setup the Premium - we offer you a pre-calculated value, but you are up to set your option price. Make it at or above the ask if you are buying and at or below the bid if you are selling.
Check the chart with expected profits and risks
Review the order summary and confirm the trade!
Order Table page
The Order Table page contains
- the select to switch between the token pairs
- selected token pair overview (current price, option size, orders, options)
- Order Table itself
- My Positions
- Latest Activity
Order Table page
My Positions and Latest Activity
Order Table
The order table represents a quick overview of all active orders with two tabs for Calls and Puts.
The expiration date is set to 7 days from the moment of acceptance by another party.
On the table itself, you can find the list of
- Strike Prices
- a marker of the current price
- highest bids (the highest Premium for existing Buy orders per Strike Price) for requests on the left
- lowest asks (the lowest Premium for existing Sell orders per Strike Price) for offers on the right
- the amount of bids and asks
Order Book
The Order Book is a list of active buy and sell orders for a specific asset at the specific Strike Price.
It represents the number of bids and asks orders for every option price and their Implied Volatility (IV).
Implied Volatility (IV) is a metric of the market's expectation of the asset’s future volatility. Higher IV means higher option premiums. Buyers look for lower IV while sellers for higher (to earn more).
Order Book
Latest Activity
The Latest Activity section represents all the recent events for the selected token pair, such as:
- bought/sold calls/puts
- exercised calls/puts
With the ability to view the event details
Latest Activity
My Positions
The page contains info on users Premium Earned and Realized Profit & Loss.
Tabs for user Orders, Options, and Aftermarket with all locked assets and lists of positions split by their types. The user can manage positions individually or in bulk.
Orders - list of all orders awaiting confirmation by another user
My Positions
Options - list of all options split by their types. You can exercise profitable bought options manually or via Orca or resell them on the aftermarket (secondary trading). And for sold options, you can redeem them if they are expired but not exercised.
My Options
Aftermarket - is the list of options listed for secondary trading.
You can list options having 3+ days before their expiration to ensure the buyer has enough time to manage them. If listed options expire in less than 3 days it becomes untradable and should be delisted. These options will be visible in another Order Table for Aftermarket Orders(Options listed for sale)
Activity tab is for the list of all your recent events.
Leaderboard
Finally, the leaderboard contains the list of all users' statistics sorted by total earnings.
Leaderboard
If you want to quickly recap your options understanding you can check our last topic or move directly to the options trading now!
