0.001. EOS. That means if … weekly, bi-weekly, quarterly, bi-quarterly. The size of the contract appears to have made this impossible and, having only partially liquidated the trade, the exchange is now facing the prospect of a $420 million unfilled position. a) Options give contract holder the right to buy or sell an underlying asset on a fixed day in the future. Suppose that our trader uses a 1:100 leverage and can increase the position by 100 times – they will not buy 0.1, but 10 lots. BTC. This ensures our options market is not impacted by any single large order, but reflects the overall market trends as accurately as possible. The sum of all sliced orders is equal to the total order quantity. Tick Size. Exercise price (or strike price): the price at which the option holder can buy or sell an underlying asset when exercising a call or put option respectively. Expiration date: the date on which the option expires. If you want to buy Bitcoin, you can easily get it in 1 minute with Visa, Mastercard or other payment methods. ADV: 30-day volume / 30 24h before the contract first trades . OKEx Options Partial Liquidation - for users with larger positions and tiered as level 3 or above, when the margin ratio is lower than the MMR of the tier plus the liquidation fee rate, but higher than the MMR of the first tier plus the liquidation fee rate, our system will attempt to bring the user down to a lower tier by partially liquidating the user's positions, until the MMR requirement of the tier is satisfied. Futures price reflects the market sentiment of the subject’s price. Cash settled in ETH. There are certain features of USDT-margined futures contracts: The leverage level will be 0.01-100x. - zhouaini528/okex-php Partial Liquidation and Liquidation in OKEx Options Trading. Limit order is an order that limits the maximum buying price of the buyer, and the minimum selling price of the seller. That being said, BTC and LTC futures contracts are also available on this exchange. They are being traded against the USD and CNY. If there’re 2,000 long contracts and 2,000 short contracts opened, the open interest will be 2,000. Okex API Like the official document interface, Support for arbitrary extension. And if someone enters a contract size of 0.01 lot, the person would have made a profit if 2 USD. You can also short options contract to earn options premium immediately. OKEx $460 Million Liquidation Happening Within Hours. For trading, Users should follow our price and position limit rules. Price Quotation: Quote at 1DASH USD. The larger the position a user holds, the higher the MMR, and the maximal leverage available will be lowered effectively. Leverage: 0.01～20 The face value of the USDT/BTC contract will be 0.0001 BTC. Instead of trading an actual coin, you are trading a financial product that represents the price of a coin. This means that you can sell Euro/Usd for 1.0873 and you can buy Eur/Usd for 1.08752 and the difference 1.08752-1.0873= 0.00222 is known as the spread which in this example will be 2.2 pip. OKEx offers crypto options trading for Bitcoin, Ethereum and EOS, allowing users to buy and sell call and put options. Robust anti-manipulation system: In order to prevent the phenomenon occurred commonly in the past that some users may manipulate close price in the crypto derivatives market, OKEx has designed a robust anti-manipulation system. Options can be classified into in-the-money (ITM), at-the-money (ATM) and out-of-the-money (OTM), depending on the difference between the strike price and the price of the underlying asset. This section shows you transactional information such as the number of contracts in the order, or “Size(Cont),” “Margin(BTC)," “Status” and so on. 1. 08:00 AM(UTC) The contract writer (seller) will have to pay relevant amount to the contract hold If there is no benefit from exercising, the buyer can choose not to exercise it. These futures contracts are an obligation to buy / sell which makes them differ from options. The massive Cryptocurrency exchange OKEx announced the launch of Ether (ETH) options contracts on its trading platform. BTC. The situation with the two is similar to how GDAX is owned by Coinbase– one brand is targeting retail consumers, while the other one is dedicated towards serious traders. Traders can long a position to profit from the increase of a digital asset's price, or short a position to profit from the decline of a digital asset's price. Others: there are different types of options available on the market other than European and American options, such as Bermudan option. The lower $BTCUSDgoes, the more OKEX will have to clawback from traders this friday (to settle the huge liquidation at $8050) ETH. c) Both the option buyer and seller can choose to close their open position(s) prior to or upon the expiration date. Options are contracts that give buyers the right, but not the obligation, to buy or sell an underlying asset at a predetermined price for a certain period. Mark Price. The name implies that the underlying of the contract is BTC/USD index, the contract expiry time 08:00 Sep 27, 2019 (UTC), exercise price 6000 USD. ... ETH and LTC. Tick Size. In other words, when you enter into a contract on okex.com, you agree to buy or sell a $100 for BTC on a future date (contract expiry date). Whenever there is market volatility, the spot price will deviate from the futures price significantly. Margin is the money borrowed from the crypto exchange for users to make an … For options, only the buyer pays a premium, but no margin. (OKEx Options are European options). Quote Coin. Then, if the price goes to $12,000 and one contract costs you $100/$12,000=~0.0083BTC, your gain will be 0.01–0.0083=0.0008 BTC per contract. For settlement, our options trading operates under a daily settlement system. However, the potential loss of selling an option is unlimited, but the profit of selling is limited to the premium received.