An Options contract is a type of derivative that gives the contract buyer the right, but not the obligation, to buy or sell a specified quantity of an underlying asset at a specified strike price on a specified date in the future, for which the buyer must pay a cost (premium) to acquire this right.
The contract buyer can choose to exercise the options if they can benefit from doing so, and the contract seller will have to pay the relevant amount to the contract buyer.
Checklist
- If there's no benefit from exercising, the buyer can choose not to exercise it, and then the seller doesn't need to pay anything.
- How do I find Options trading on OKX?
- On the app: Go to Trade > Events & Options > Under All events, select the options type.
- On the web: Go to Trade > Events & Options. Then, select Simple options or Advanced options from the Options section
- How do I find out about Option trading fees?
- How do I set my account mode for Options trading on OKX?
- How do I enable autoborrow for Options trading on OKX?
Notes
What are the essential elements of Options trading?
Underlying asset: asset for trading on which derivatives contract’s price is based. For example, the underlying asset of Bitcoin options is BTC/USD index. We offer options trading on the underlying of Bitcoin, Ethereum.
Expiration date: the date on which options expire.
Strike price (or exercise price): the price at which the Options buyer can buy or sell an underlying asset when exercising a Call or Put options respectively.
Details follow the official OKX help article; this page is a learning checklist, not an official mirror.
