♟️Trade options strategies
Rysk enables to construct options strategies atomically, lowering execution risk and increasing capital efficiency.
You can learn more about each option strategies risk, payoff and structure on Bespoke strategy construction
How to trade options strategies?
Visit app.rysk.finance
Connect your wallet
Select the expiry you would like to trade at the top of the trading page
Select the strategy you would like to trade from the list on the top of the trading table, or by clicking all strategies on the right of the list
Once a strategy is selected a modal will show up with the inputs to construct the strategy. Below you can find the step by step guide for each of the available strategies:
Credit Spreads
Open position
There are two types of credit spreads:
Call Credit Spreads. Constructed as follow:
short call option
long call option at higher strike price and same expiry of the short call
Put Credit Spreads. Constructed as follow:
short put option
long put option at lower strike price and same expiry of the short put
To enter a credit spread you can:
Select short strike
Select long strike.
For call credit spread long strike is higher than short strike
For put credit spread long strike is lower than short strike
Input the amount of contracts that you would like to trade
Once the above steps are completed you can see the details of the spread.
Collateral required: equal to the spread width (long strike - short strike)
Liquidation Price: the credit spreads can't be liquidated since they are fully collateralized by using the long strike option as collateral + cash component (collateral required).
Net Premium Received: The net credit premium that will be received to open the spread
Total Fee: total fee that the protocol will collect from the trade
Break even: ETH price at which the position will become profitable.
Call Credit Spread. Position will become profitable if ETH price < break even
Put Credit Spread. Position will become profitable if ETH price > break even
Balance after: USDC balance in the buyer address after the transaction is completed
To execute the transaction the trader will need to first approve the spending for the long position to be used atomically as collateral and then complete the trade with a second transaction.
Manage Credit Spread
Once credit spreads are opened, they will be shown at the bottom of the page in the Active Positions table and traders can manage each position.
The credit spread will be show as a unique position (combining short and long options) and can be closed atomically by clicking the close position button.
Debit Spreads
Debit Spread differs from Credit Spread for the following:
Open position
There are two types of debit spreads:
Call Debit Spreads. Constructed as follow:
long call option
short call option at higher strike price and same expiry of the long call
Put Debit Spreads. Constructed as follow:
long put option
short put option at lower strike price and same expiry of the long put
To enter a debit spread you can:
Select short strike
Select long strike.
For call debit spread long strike is lower than short strike
For put debit spread long strike is higher than short strike
Input the amount of contracts that you would like to trade
Once the above steps are completed you can see the details of the spread.
Net Premium Paid: The net premium (debit) that will be paid to open the spread
Price Impact: slippage (%) in case more than one contract is traded
Total Fee: total fee that the protocol will collect from the trade
Break even: ETH price at which the position will become profitable.
Call Debit Spread. Position will become profitable if ETH price > break even
Put Debit Spread. Position will become profitable if ETH price < break even
Balance after: USDC balance in the buyer address after the transaction is completed
To execute the transaction the trader will need to first approve the spending and then complete the trade with a second transaction.
Manage Debit Spread
Once debit spreads are opened, they will be shown at the bottom of the page in the Active Positions table and traders can manage each position.
The debit spread will be show as a unique position (combining long and shor options) and can be closed atomically by clicking the close position button.
Long Straddle
A long straddle can be constructed as follow:
Long put option
Long call option with same strike price and expiry of the put
Open Long Straddle
To enter a long straddle you can:
Select the strike
Input the amount of contracts that would you like to trade
After the amount is inputed you can see the details of the position like in the example modal below
Click Open to enter into the Long Straddle position
Manage Long Straddle
Once a long straddle is open is it possible to see the long put and long call positions that construct the straddle at the bottom of the page in the Active Positions table and traders can manage each position.
The two long positions that compose the straddle can be closed separately by clicking the Close Position button of the position.
Long Strangle
A long strangle can be constructed as follow:
Long put option
Long call option with higher strike price and same expiry of the put
Open Long Strangle
To enter a long strangle you can:
Select the put strike
Select the call strike (higher than put strike)
Input the amount of contracts that would you like to trade
After the amount is inputed you can see the details of the position like in the example modal below
Click Open to enter into the Long Strangle position
Manage Long Strangle
Once a long strangle is open is it possible to see the long put and long call positions that construct the strangle at the bottom of the page in the Active Positions table and traders can manage each position.
The two long positions that compose can be closed separately by clicking the Close Position button of the position.
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