How this works

Current v2

This page describes the current app. The external documentation linked below covers legacy v1 accounts, not v2 trading.

1. Buy: Compare live asks by market, expiry, strike, total cost including fees, and max loss. A quote can change before your transaction confirms. The full amount paid can be lost.
2. Write: In Earn, choose an available series and deposit the required Stock Tokens for a covered call, or USDG for a cash-secured put where supported. Set an ask; premium and collateral rent apply only if a buyer fills it. Transactions also cost gas.
3. Manage: Portfolio shows positions, resting orders, and balances. You can cancel an unfilled order, sell an eligible long position, or withdraw a free balance there.
4. Settle: Expiry does not itself complete settlement. A separate on-chain settlement step needs an available oracle result and may be delayed or disputed. Once the series is settled, check Portfolio for a payout to redeem and any balance to withdraw.