Long/Short

Long – Buy Call Option

When you believe a token’s price will rise, you can pay a premium to go Long.

What You do:

• Open a Long Position

• Pay the premium (in tokens)

P&L before maturity:

• 📈 Current Price > Strike Price → Profit is obtained through Exercise – Net Settle or Exercise – Delivery.

• 📉 Current Price < Strike Price → Loss limited to premium; you may “Close Position” early to stop losses (the remaining premium will be settled in tokens)

Short – Buy Put Option

When you believe a token’s price will fall, you can pay a premium to go Short.

What You do:

• Open a Short Position

• Pay the premium (in USDT)

P&L before maturity:

• 📉 Current Price < Strike Price → Profit is obtained through Exercise – Net Settle or Exercise – Delivery.

• 📈 Current Price > Strike Price → Loss limited to premium; you may “Close Position” early to stop losses (the remaining premium will be settled in USDT).

Risk Warning:

Market liquidity is not guaranteed. Closing a Long/Short position early requires a counterparty. In low-liquidity conditions, you may be unable to unwind your position or may suffer significant price impact (slippage) to execute the trade. Please ensure you are comfortable with the associated risks before trading.