How to Trade Options Contracts on OKX?

Options represent the right (but not obligation) to buy or sell an asset at a predetermined price (strike price) before a specified expiration date. When purchasing options:

• If exercising the option benefits the buyer at expiration, the buyer profits while the seller fulfills the obligation.
• If exercising isn't favorable, the buyer can let the option expire, releasing both parties from further obligations.

OKX offers Bitcoin (BTC) and Ethereum (ETH) options trading for accounts with over $50,000 in asset value. Beginners can explore options via demo accounts or simplified trading modes.

Step-by-Step Guide to Options Trading

1. Fund Transfer

Before trading, transfer assets from your funding account to your trading account:

1. Navigate to Assets or Trading page
2. Click Transfer
3. Select currency (e.g., BTC)
4. Choose Funding Account → Trading Account
5. Enter amount → Confirm

👉 Master fund transfers effortlessly

2. Account Setup

Configure trading preferences:

• Click More icon (top-right)
• Select Trading Settings
• Adjust units/display options

3. Simplified Options Trading

For beginners:

1. Switch to Options tab → Select Simplified Mode
2. Choose BTC/ETH options (e.g., BTC Call Option)
3. Toggle between Call/Put (example: Call)
4. Select expiration date and strike price
5. Confirm contract details → Enter quantity → Execute

Advanced Options Trading (T-Style)

1. Buy to Open

Professional traders can use T-style报价:

1. Select BTC Options → All Contracts

2. Choose:

   • Call/Put type
   • Expiration date
   • Strike price

3. Set:

   • Cross/Isolated margin
   • Limit Order (price/quantity)
4. Click Buy

2. Sell to Close

Close positions via:

• Trading page OR

• Positions page:

  1. Click Positions
  2. Select target position
  3. Enter price/quantity
  4. Click Close

👉 Advanced options strategies explained

3. Order Management

• View active orders under Current Orders
• Cancel unfilled orders via Cancel

4. Position Tracking

Monitor in Positions tab:

• Entry price
• Holdings
• Initial margin
• ROI

Key Features of OKX Options

• Expiration Dates: 8 choices including daily, weekly, monthly, quarterly
• European-Style: Exercise only at expiration (16:00 HKT)
• Automatic Settlement: Profitable options auto-exercise; losses expire

FAQ

Q: Can I trade options with less than $50,000?
A: Only simplified mode and demo accounts are available below this threshold.

Q: How are options contracts named?
A: Format: BTCUSD-20220520-30000-C (Asset-Expiration-Strike-Call/Put)

Q: What happens if my order doesn't fill?
A: During high volatility, use Market Close All for instant execution.

Q: Is early exercise possible?
A: No. OKX only allows exercise at expiration (16:00 HKT).

Q: How to mitigate options risk?
A: Use stop-loss orders and never risk more than 5% of capital per trade.

Pro Tips

• Monitor Greeks (Delta, Gamma, Theta) for risk management
• Combine options strategies (e.g., spreads, straddles) for hedging
• Always backtest strategies using historical volatility data

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