Options Position Experience Vouchers: Introduction and Rules ｜ Gate

An Options Position Trial Voucher is a bonus provided by the platform for opening an options trial position. Once used, the system will automatically match eligible options and open a trial position for you. You can view, close, or hold the position until expiry just like a regular position, and experience options trading.

Core Features

Usage Restrictions

• When using a trial voucher, your account must not be in "Portfolio Margin" mode. Switch to another account mode before use.
• If you already hold a regular position or trial position on a specific option, the system will skip that option and continue matching other eligible options.
• Trial vouchers can only be used to open a position, not to add to an existing position.
• Bonus cannot be transferred out: The trial position bonus is only for this trial opening and cannot be transferred to other accounts or withdrawn.

How to Use the Options Position Trial Voucher (App)

View the Options Position Trial Voucher

App

Method 1: You can view your held vouchers under [Voucher Center] - [Options Position Trial Voucher].
Method 2: On the options trading page, you can view the list of available options position trial vouchers under [Available Vouchers].

Web

You can view your held vouchers under [Voucher Center] - [Options Position Trial Voucher].

Using the Options Position Trial Voucher

Step 1: In [Voucher Center] or under [Available Vouchers] on the options trading page, select an unused Options Position Trial Voucher and click [Use Now].
Step 2: The system begins automatically matching an eligible contract. The voucher status will show as "Matching". You can click [View Now] later to go to the options trading page and check whether the match was successful.
Step 3: Once matched successfully, you will receive an options trial position marked with the "Trial Position" label. You can view the position on the options trading page and choose to close it manually or hold it until expiry.

Notes:

• If you are currently in Portfolio Margin mode, switch your account mode as prompted when you click to use the voucher.
• The voucher will be temporarily locked during the matching process and cannot be used again.
• If matching fails, the trial voucher will be automatically returned to your voucher account, and you can use it again.
• If the voucher expires before the matching result is returned, it will become expired and cannot be used again.
• Some older versions of the App do not support this voucher. Please upgrade to version 8.36.0 or later to use it.

Options Position Trial Voucher Trading Rules and Offset Instructions

Trading Rules

• After using an Options Position Trial Voucher, the system will temporarily lock the voucher and automatically match eligible options. Once matched successfully, the system will open an options trial position for you; if matching fails, the trial voucher will be automatically returned to your voucher account, and you can use it again later.
• Each trial voucher can successfully open only one options trial position. The actual trial bonus used for opening the position may be lower than the voucher's face value. Any unused bonus will be recovered immediately by the system and cannot be used to open another position.
• The system will automatically match BTC or ETH options and prioritize BTC options. Eligible options will be scanned in the following order: current quarter expiry, next month expiry, and next week expiry. If you already hold a regular position or trial position on a specific option, the system will skip that option and continue matching other eligible options.
• You do not need to select a contract or direction yourself. The system automatically completes matching and position opening according to the activity rules.
• The bonus corresponding to the trial voucher will be used to open an options trial position and can offset the opening fee and any loss incurred when closing the trial position. The bonus cannot be withdrawn, transferred, or used for other trading.
• Once the trial position is opened, you can either close it manually or hold it until expiry. The system does not impose an additional lock-up period.
• If the option meets the exercise conditions at expiry, the profits from the trial position will be credited to your account; if the option expires worthless without meeting the exercise conditions, losses on the trial position will be borne by Gate in accordance with the activity rules. You will not bear any additional deductions or liabilities.
• Trial vouchers can only be used to open a position, not to add to an existing position.
• The Options Position Trial Voucher does not currently support Portfolio Margin mode. If you currently hold a trial position, you cannot switch to Portfolio Margin mode.
• A trial position and a regular position cannot coexist on the same specific option.

Offset Instructions

At opening: The system uses the trial bonus to open a trial position for you and automatically offsets the opening fee. If the voucher's face value is higher than the amount required to open the position, the remaining bonus will be recovered immediately and cannot be used to open another position.
At closing: You can close the position at market price at any time. Any profit from closing will be credited to your account; if a loss is incurred, the loss and fees will be covered by the bonus first.
At expiry: If you do not close the position manually and hold it until expiry, the system will automatically settle it according to option rules. If the exercise conditions are met, the profit will be credited to your account; if the option expires worthless without meeting the exercise conditions, the loss will be borne by the platform in accordance with the activity rules.

FAQs

1. Can the Options Position Trial Voucher be transferred?
   The Options Position Trial Voucher is an account-specific benefit and cannot be transferred to another account.

2. Can I choose the options contract or direction myself?
   No. After using the voucher, the system will automatically match BTC or ETH options according to the activity rules and prioritize BTC options. You do not need to, and cannot, specify a contract or a call/put direction yourself.

3. What if matching fails?
   If the system fails to match a contract, the trial voucher will be automatically returned to your voucher account, its status will be restored to unused, and you can use it again later. The voucher will show as "Matching" during the matching process.

4. Does the trial position have an expiry date, and how is it settled?
   The trial position itself does not have an additional lock-up period. After opening, you can close it manually at any time. If you do not close it manually, the system will automatically settle it when the option expires. Profits will be credited to your account; losses will be borne by the bonus or by the platform in accordance with the activity rules.

5. Can I hold multiple trial positions at the same time?
   Yes. You can hold trial positions on multiple different options at the same time. However, on the same specific option, you cannot hold both a regular position and a trial position, nor can you open a duplicate trial position.

6. Can the trial position bonus be transferred out?
   No. The trial position bonus is only for this trial opening and cannot be transferred, withdrawn, or used for other trading. Any unused bonus after opening will be recovered immediately.

7. Why am I being notified that Portfolio Margin mode is not supported?
   The Options Position Trial Voucher is not currently supported in Portfolio Margin mode. Please switch to another account mode before using it. If you already hold a trial position, you also cannot switch to Portfolio Margin mode.

8. Can I add to a trial position?
   No. Trial vouchers can only be used to open a position, and trial positions do not support adding to a position.

9. What if I don't use up the full face value of the voucher?
   The actual trial bonus used for opening the position may be lower than the voucher's face value. Any unused bonus will be recovered immediately by the system and cannot be used to open another position or be transferred out.

Disclaimer

The content provided herein is for reference and educational purposes only and does not constitute any financial, investment, trading, or legal advice, nor does it constitute an offer or solicitation to buy or sell any digital assets. Gate makes no express or implied representations or warranties regarding the accuracy, completeness, or timeliness of the information contained herein. Product features, interfaces, rules, and fee structures may be updated or adjusted at any time. Please refer to the latest announcements and the actual information displayed on the Gate platform for the most accurate details.
Digital asset investments involve significant risk, and prices may fluctuate substantially. You may lose the entire amount of your investment. Please make decisions cautiously based on your own financial situation and risk tolerance after fully understanding the associated risks. If necessary, you are advised to consult an independent professional financial or legal advisor.
For more information about potential risks, please refer to Gate's Risk Disclosure and User Agreement.