To get your profit from an option, you need to exercise it — this can be done on the Strategies page in our mini-app. Profit is paid directly to your wallet in USDT, and you don't need to own the asset to exercise an option for it. You can do it at any time before the expiration date if the asset price has moved in the right direction:
📈 Call Options: asset price > strike price*
📉 Put Options: asset price < strike price*
*market price of underlying asset at the moment of purchasing the option
How is the profit for an option calculated?
It depends on how much the underlying asset price has changed. The greater the price difference, the more profit you will gain. The actual formula is:
PnL = AssetPriceDelta – OptionCost
If you don't exercise your option in time, it expires and is automatically exercised after the end of its period. For more information, please read our docs.
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