Crypto Options: Calls and Puts
Buy call and put options on Bicoince with defined risk: the most an option buyer can lose is the premium paid.
What kind of options does Bicoince list?
European-style, cash-settled calls and puts on BTC and ETH, with expiries from weekly to monthly. European means the option can only be exercised at expiry, not before; cash-settled means an in-the-money option pays its value in the settlement currency rather than delivering the coin.
What happens to my option at expiry?
Nothing you need to do. An in-the-money option is exercised automatically and its cash value is credited to your wallet as a balanced ledger entry; an out-of-the-money option expires worthless. There is no manual exercise step and no risk of forgetting one.
What is the most I can lose on an option?
As a buyer, the premium you paid — that is the whole point of a defined-risk position. As a seller you collect the premium up front but your loss can exceed it, which is why short options carry a margin requirement and assignment risk. Read the payoff before selling one.
Where do the implied volatility and the Greeks come from?
They are back-solved with Black-Scholes from each contract's listed premium, and delta, gamma, theta and vega follow from that. The listed premiums themselves are quotes set by the operator rather than prices formed by a live options market, so the implied volatility you see reflects those listed prices, not a traded volatility surface.
