New Option contracts Launched. January 2020.
PUT Option - OPTIONS.20JAGB3P
GDEX.BTC/BTS
Strike price - 300 000 GDEX.BTC/BTS
Date of expiration - 20 January 2020 17:00:00 GMT
Technical information:
This option will cost 1 BTS if the price of GDEX.BTC will be less than 300 000 BTS, This option will cost 0 BTS if the price of GDEX.BTC will be more or equal than 300 000 BTS.
(the price will be determined by the first block starting from 17:00:00 GMT, 20 January 2020, in which a transaction will take place for a pair of GDEX.BTC/BTS in the amount of at least 1BTS)
CALL Option - OPTIONS.20JAGU5C
BTS/GDEX.USDT
Strike price - 0.05 BTS/GDEX.USDT
Date of expiration - 20 January 2020 17:00:00 GMT
Technical information:
This option will be cost 1 BTS if the price of BTS will be more than 0.05 GDEX.USDT, This option will be cost 0 BTS if the price of BTS will be less or equal than 0.05 GDEX.USDT.
(the price will be determined by the first block starting from 17:00:00 GMT, 20 january 2020, in which a transaction will take place for a pair of BTS/GDEX.USDT in the amount of at least 1BTS)
CALL Option - OPTIONS.20JACN3C
BTS/bitCNY
Strike price - 0.30 BTS/bitCNY
Date of expiration - 20 january 2020 17:00:00 GMT
Technical information: - This option will cost 1 BTS if the price of BTS will be more than 0.30 bitCNY, This option will cost 0 BTS if the price of BTS will be less or equal than 0.30 bitCNY.
(the price will be determined by the first block starting from 17:00:00 GMT, 20 january 2020, in which a transaction will take place for a pair of BTS/bitCNY in the amount of at least 1BTS)
More definition
OPTIONS.20JAGB3P
OPTIONS - common name
20 - 2020 year
JA - January
GB - GDEX.BTC
3 - strike price 300 000 GDEX.BTC/BTS
P - Put option
Risks:
This option has two types of risk.
- Investment. It completely depends on the buyer and seller of the option, as well as on the current market situation.
Please familiarize yourself with the principles of option trading before making exchange transactions.
- Operational. The issuer of the option may provide an incorrect feed (0 or 1) on the expiration date, or not provide a feed (in case of loss of control over the account or for other reasons).