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Options Contract Specifications

Schema
Specification
Contract Type
Call & Put
Style
European
Underlying
BTC & ETH & SOL
Oracle Feed
Pyth’s BTC/USD & ETH/USD & SOL/USD Feed
Switchboard’s BTC IV & ETH IV & SOL IV Feed
Contract Size
1 BTC & 1 ETH & 1 SOL
Tick Size
$0.0001 for BTC
$0.00001 for ETH & SOL
Min Order Size
0.01 BTC & 0.1 ETH & 0.1 SOL
Settlement Currency
opUSDC which is 1:1 pegged to USDC
Maturity
1 Weekly Expiry at Friday 8:00 AM UTC
Strike
5 Strikes based on the underlying spot price, implied volatility, and time to maturity
Payoff
Call: MAX [ SPOT – STRIKE , 0 ] * NET POSITION
Put: MAX [ STRIKE – SPOT , 0 ] * NET POSITION
Trading Fee
Taker: min (0.15% of underlying, 10% of trade price)
Maker: min (0.05% of underlying, 10% of trade price)
Settlement Price
Oracle price at time of settlement (last print, not Time-Weighted Average Price)
Liquidation Reward
2% of liquidated asset value