> For the complete documentation index, see [llms.txt](https://docs.sharptrade.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.sharptrade.fi/sharp-options/sharp-options-overview.md).

# Sharp Options Overview

## Home page

Your journey starts with the home page where you can

1. Connect your wallet to start trading
2. Start options trading with Options Wizard
3. Check My Positions - open orders and options
4. Check all the token pairs supported on the platform

<figure><img src="/files/uPSlYhlPxkExr82uxyBc" alt=""><figcaption><p>Home page - Wizard</p></figcaption></figure>

<figure><img src="/files/LnX6LArUA3keDWwJbAQR" alt=""><figcaption><p>Home page - My Positions and All Token Pairs</p></figcaption></figure>

## 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.

<figure><img src="/files/9rifhH9jXpqtxwyIF0sI" alt=""><figcaption><p>Option Wizard</p></figcaption></figure>

1. Select asset: we support $SOL, $JUP and $BONK for now\
   ![](/files/ZDXog6Yv74Dp0UiFcWli)
2. Define your strategy for the next 7 days\
   ![](/files/rHqnG5zSHqI1iVw8BSxp)
3. Set the price target\
   ![](/files/vffbjJ7Uch52Swdv4zUn)
4. Set the Position Size - the amount of orders you want to ***accept or create***\
   ![](/files/ArbfnvcOTtQSbqKiH6JS)
5. ***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.*\
   ![](/files/5IfZPh0Cc6bCufNSS5iS)
6. Check the chart with expected profits and risks

   <div align="left"><figure><img src="/files/s52qYFygFqRRr7gbsjzO" alt="" width="563"><figcaption></figcaption></figure></div>
7. Review the order summary and confirm the trade!\
   ![](/files/QkO1XkznBsTMN32Z7o2x)

## 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

<figure><img src="/files/2jUKEtpHeteJfHqTvG0v" alt=""><figcaption><p>Order Table page</p></figcaption></figure>

<figure><img src="/files/iTNG0cKBOb1VMqDDvVJg" alt=""><figcaption><p>My Positions and Latest Activity</p></figcaption></figure>

### 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).&#x20;

<figure><img src="/files/gqoGndocaaZTOgapL930" alt=""><figcaption><p>Order Book</p></figcaption></figure>

### 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

<figure><img src="/files/E6tr2dI4nTEOtn4U4iEO" alt=""><figcaption><p>Latest Activity</p></figcaption></figure>

## 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

<figure><img src="/files/gVxL7CBG5pFDsFwd76uj" alt=""><figcaption><p>My Positions</p></figcaption></figure>

**Options** - list of all options split by their types. You can exercise profitable bought options manually or via [Orca](https://www.orca.so/) or resell them on the aftermarket (secondary trading). And for sold options, you can redeem them if they are expired but not exercised.

<figure><img src="/files/01TGSxDpM3v7MwpOqChl" alt=""><figcaption><p>My Options</p></figcaption></figure>

**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.

<figure><img src="/files/dY3NSFEg50OLbL0AVl2k" alt=""><figcaption><p>Leaderboard</p></figcaption></figure>

If you want to quickly recap your options understanding you can check our last topic or move directly to the [options trading now](https://sharptrade.fi/)!