An option is a right that can be exercised at a certain time in the future. After purchasing an option, if exercising the right on the expiration date is beneficial to the buyer, the buyer will receive the corresponding revenue through exercising, and the seller needs to cooperate with the buyer's exercise and make the corresponding payout. If exercising the option at expiration is unfavorable to the buyer, the buyer may choose not to exercise the option, and the seller has no obligation to make any payout.
OKX offers options with Bitcoin (BTC) and Ethereum (ETH) as underlying assets, allowing users to buy and sell call options and put options. Simple Options is only available on the app and is not currently supported on the web.
Checklist
- On the app
- Asset transfer
- Account Mode Settings
- Click the three dots icon in the upper right corner of the transaction page > Trading Mode > Account Mode.
- Call Option
- When you anticipate that the Markets will rise in the future, you can choose a call option.
- Buy to open a long position
- Experienced professional users can choose the Advanced Options, which offers a wider variety of option types.
- Select Cross/Isolated Margin > Limit Order > Enter Price, Quantity > Buy.
- Regular users can directly select different expiration dates and types of option for trading in the list navigation bar, making it more convenient.
- Users with zero experience can choose Simple Options, which is easier and smarter.
- Select BTC Simple Options > select the exercise date > Call > use the dropdown to select different strike price options types.
Notes
The options trading process consists of three steps: Asset transfer, Account information setup, Call/put options operations.
Before trading options , you need to transfer funds and move the cryptocurrency you want to use for options into your trading account. You can transfer funds on pages such as Assets and Trade. We'll use the Assets page as an example. USDT can only be used for Simple Options, and cannot be used for Advanced Options.
Open the OKX app, select the Assets > Transfer. Select the currency (using USDT as an example ), choose from Funding Account to Trading Account, enter the transfer quantity - tap Confirm.
Change Account Mode to Futures mode or Advanced Mode. Select the appropriate Trading Unit, Settlement Unit to complete the setup. For options, the available trading units are: contract or coins.
Details follow the official OKX help article; this page is a learning checklist, not an official mirror.
