ETHUSD Options Now Available

okex.comIssued on 2020/06/04 16:17    Content based on the original text . Link

Dear valued customers,

We are pleased to announce that ETHUSD Options trading is officially live on the OKEx website and App from 09:00 am June 4, 2020 (UTC).

Specifications:

Feature

Detail

Underlying

ETH/USD Index

Contract Type

Call and put options

Contract Multiplier

1

Lot size

1

Quote Coin

ETH

Settlement Coin

ETH

Tick Size

0.0005 ETH

Exercise Style

European; In-the-Money (ITM) options will be automatically exercised and settled at expiration

Mark Price

Determined by OKEx using the Black model on a real-time basis

Creation Time

Normally half an hour after futures contracts with the same expiry date are created

Expiry Time

08:00 am (UTC), Friday of the expiry week

Method of Exercise

Cash Settled in ETH

Final settlement Price

Time-weighted average of the underlying price over a period of time before the option expiries

Strike Price

OKEx will generate a series of reasonable strike prices based on market conditions before launching options contracts with new expiration. Also, new strike prices will be generated as the market condition evolves.

Exercise Payoff per Contract

Call options: Max {(final settlement price – strike price), 0}*contract multiplier, in USD. Upon settlement, USD payoff will be converted into ETH at the final settlement price.

Put options: Max {(strike price – final settlement price), 0}*contract multiplier, in USD. Upon settlement, USD payoff will be converted into ETH at the final settlement price.

 

OKEx ETHUSD options adopt a sophisticated risk management system which includes Mark Price rule, Daily Settlement rule, and Short Qualification rule. In the future, OKEx will launch portfolio margin products to further improve customers’ capital efficiency.

In order to minimize the risk of clawback, OKEx has already donated 1,000 ETH to the ETHUSD Options insurance fund.

Should you have any questions regarding ETHUSD options trading, please refer to OKEx Coin Margined Options User Agreement & Guide for more details or contact our customer support for inquiries.

Thank you for your support and we assure you our best services at all times.

Regards,
OKEx
June 4, 2020 (UTC)

 

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