Trade crypto options for hedging and speculation
Understand the different option contracts available for your trading strategy.
Gives you the right to buy the underlying asset at a specified strike price. Profit when the market price rises above the strike price plus the premium paid.
Gives you the right to sell the underlying asset at a specified strike price. Profit when the market price falls below the strike price minus the premium paid.
Can only be exercised at the expiration date. Typically more straightforward to price and commonly used for crypto options on NovaTrace.
Can be exercised at any time before the expiration date. Offers maximum flexibility for managing positions and capturing favorable price movements.
Trade options on the most liquid and popular cryptocurrencies.
The most liquid crypto options market. Trade calls and puts on Bitcoin with hundreds of strike prices and multiple expiry dates.
Ethereum options with deep liquidity. Hedge your ETH holdings or speculate on price movements with flexible contracts.
Solana options for high-performance blockchain exposure. Access growing liquidity in the SOL derivatives market.
BNB options with competitive spreads. Trade the native token of the BNB Chain ecosystem with flexible strike prices.
Key risk metrics that help you understand how option prices change under different conditions.
Measures the rate of change in the option price relative to a $1 change in the underlying asset. Ranges from 0 to 1 for calls and -1 to 0 for puts.
Measures the rate of change of delta. High gamma means delta is highly sensitive to price changes. Peaks for at-the-money options near expiry.
Measures time decay — how much value an option loses each day. All else equal, options lose value as expiration approaches. Important for sellers.
Measures sensitivity to implied volatility changes. Higher vega means option price is more affected by volatility shifts. Critical in crypto markets.
Combine options to create sophisticated trading strategies for different market conditions.
Hold the underlying asset and sell a call option against it. Generate income from the premium while limiting upside potential. Best in neutral to slightly bullish markets.
Hold the underlying asset and buy a put option as insurance. Limits downside risk while maintaining upside exposure. Acts like a portfolio insurance policy.
Buy both a call and put at the same strike price and expiry. Profit from large price moves in either direction. Ideal when you expect high volatility but are unsure of direction.
Buy a call and put at different strike prices. Cheaper than a straddle but requires a larger price move to profit. Good for expected volatility events.
Access advanced options trading with competitive pricing, deep liquidity, and powerful analytics.