| Keywords | Description |
|---|---|
Contract Name | Each contract name includes the underlying asset, expiration date, strike price, and contract type, where "C" stands for a call option and "P" stands for a put option. For example, BTC-211029-48000-C represents a call option with a strike price of 48,000 USDT and an expiration date of October 29, 2021. |
Contract Type | Daily, Next Day Weekly, Next Week, Third Week Monthly, Next Month, Third Month Quarterly, Next Quarter, Third Quarter, Fourth Quarter |
Settlement Time | 8:00 (UTC) on the specified expiration date |
Underlying | BTCUSDT Index |
Trading Hours | 7 * 24 |
Tick Size | USDT |
Contract Size | BTC |
Order Guidelines | Order size: 0 - 0 contracts per order Position size limit: 0 BTC per options contract Max Open Orders: 0 Position value limit: 0 USDT cross options classes |
Quote Currency | USDT |
Settlement Currency | USDT |
Method of Exercise | The options contract will be automatically exercised at expiry and settled in USDT. |
Settlement Price | The options contract will be exercised in USDT on the expiration date, with the settlement price based on the 30-minute average of the Gate BTCUSDT Index before expiry. |
Initial Margin | The minimum margin required to open a position.View Details |
Maintenance Margin | The minimum amount required to keep the position from being liquidated.View Details |
Mark Price | The theoretical fair options price based on the Black-Scholes model. |
Price Limit | Buy Max Price = Max(Tick Size × 10, Mark Price + 0.075 × Spot Index × Max(1, 4 × |Option Delta|)) Sell Min Price = Max(Tick Size, Mark Price − 0.075 × Spot Index × Max(1, 4 × |Option Delta|)) |
Fee Rate |