How to Long Options PART 2 || Options Guide

6. An introduction to the options order page

Screenshot 3: An introduction to the options order page
  • Limit order”:
  • Market order”:
  • Quantity”:
  • “Current Positions”:
  • A BTC order
  • A USD order
  • An IV order
  • Timeliness”:
  • FOK (Fill or Kill)
  • IOC (Immediate or Cancel)
  • “Post Only”:
  • “Reduce Only”:

7. How to post call options

  • The price of the underlying asset moves up significantly, causing the premium of the entire BTC-26MAR21–60000-C to increase, in which case it is more impossible for the price of 0.0995 BTC to buy options.
  • The price of the underlying asset plunges, causing the prices of the entire order book, including the mark price, to drop. As the market fluctuates, there will be few pending orders in the market. The price of 0.0995 will finally buy an option, but by that time the mark price would have already reduced to 0.0960, resulting in a slippage of 0.0035. In this case, you might as well just fill the counterparty’s order earlier, with a slippage of only 0.0014 BTC (best ask 0.1015 minus the mark price 0.1001).
  • If the market is quiet and IV falls, IV orders will move further up inside the order queue, resulting in trades with low or no slippage.
  • In case of market swings and the IV rises, IV orders will move to the back of the order queue.
Screenshot 4: “Jump Queue” and “Jump Queue at One Click”

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A professional options App for options traders Join us at Telegram: https://t.me/greekslive

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