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Options Contract Specifications

PreviousWithdrawals from OMMNextAccount Summary

Last updated 2 years ago

Schema
Specification

Contract Type

Call & Put

Style

European

Underlying

BTC & ETH & SOL

Oracle Feed

Pyth’s BTC/USD & ETH/USD & SOL/USD

Switchboard’s BTC IV & ETH IV & SOL IV

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

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