The fact that you aren’t considering options to generate income especially if you own NFTs is a testament to the huge miss in financial education they provide in schools.
An options contract is a financial agreement that gives the buyer the right, but not the obligation, to buy or sell an underlying asset (like a stock) at a specified price (strike price) on or before a certain date (expiration date).
💎Option Types💎
There are two types of options: call options and put options. A call option gives the holder the right to buy an asset, while a put option gives the holder the right to sell an asset.
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Example: Mobitz owns a call option on the BAYC collection with a strike price of 70ETH and a contract expiration date in 24 hours. After the contract expires, the current settlement price of BAYC is 73ETH. Mobitz would be “in the money💰”
Call options are neutral or Bullish
💎Option Sellers & Buyers💎
The person selling the option is called the option writer or the option seller. The person buying the option is called the option holder or the option buyer.
On 0xdx, be a Seller or Buyer of options.
The choice is yours, fren
💎Option Premiums💎
As an option Buyer, you pay the premium price to the seller of an option contract to own it
Once it’s yours, do as you please. Wait until it expires to see if you if you profit or re-list the option back on the market for a premium of your choice
💎PnL💎
The potential profit or loss for the option holder is determined by the difference between the strike price and the current market price of the collection upon expiry
We’ve built a profit calculator so you can get a sense of who profits in different scenarios😉
💎Options Use Cases💎
Options can be used for a variety of purposes such as hedging, speculation, and income generation. They can also be combined with other instruments to create more complex financial strategies.
💎Risks of Trading Options💎
As with any strategy in the financial markets, options trading carries a level of risk. Continue learning and keep your risk management tight!
💎What About NFT Options?💎
0xdx was created to unlock new financial instruments for investors to speculate, hedge, and gain exposure to blue chips using NFT options!
Selling options contracts can be a great way to generate income for your portfolio.
By selling or creating options, you collect a premium when someone purchases your options contract.
💎Reduce Risk in Your Portfolio💎
Selling options can also help to reduce risk in your portfolio. When you sell an option, you're taking on the obligation to sell (or buy) an underlying asset at a specified price.
This can help to offset potential losses in other investments🧠
Both can be earned through platform actions and leveling your Battle Pass.
Actions:
- Mint an Option Contract
- Buy an Option Contract
- Request an Option Contract
- Receive a Payout After an Option has Expired
- Daily Free Claim - 24H reset
- Quests
How much XP and $0xdx do I get for any of the above actions?