Playbook MOBR3: (1) Strategies for the Genius: Trade strategically with ‘Pay Less’ Feature
MOBR3
MOBR3 is the last round following MOBR2 and part of our effort to invite early access users to Moby on Testnet before going fully live on Arbitrum One in H1, 2024. MOBR3 focuses on showcasing Improvements to Capital efficiency applied to Moby with ‘Pay Less’ Feature via Combo Option.
🔥 How ‘Pay Less’?
The ‘Pay Less’ feature via Combo Option is enabled by optimizing capital use through innovative contract designs, significantly lowering the entry cost for traders.
Combo Option as the name suggests, involve combining various types of options strategies to capitalize on specific market conditions.
The primary goal here is to create a portfolio that can benefit from a range of outcomes and thereby reducing risk while potentially increasing returns.
At Moby, our focus is to provide“Call and Put Spread” for seamless use, making the purchase of a Call Put Spread as straightforward as buying a single call or put option.
For further information, please visit the MOBR3 articles:
Join our Galxe to complete weekly missions, trade various option, and entice yourselves for “Exclusive rewards”. We are focusing to provide rewards in such structure that the “Most Active and Diligent Participant” gets the most rewards🪂
Playbook MOBR3
Playbook MOBR3 is created to help users complete Galxe missions from Week1 all the way through Week4!
Learn from the seasoned whales and master the art of options trading.
This week’s goal is straightforward
: Trade strategically with ‘Pay Less’ Feature
Let’s dive into the various options Moby offers🤿
Become an options nerd and trade more strategically!🤓
Faucet: Claim Testnet tokens
MOBR3 participants can claim Testnet tokens weekly through the Testnet Faucet via Moby Discord channel.
① After you join Moby Discord channel and complete verification, you can enter “MOBR LOUNGE”
② Click the “Claim” button in the “testnet-token-claim” channel under
“MOBR LOUNGE”
③ Submit your wallet address to connect to Moby Testnet (Arbitrum Sepolia)
(A cute Meowby Bot will send Testnet tokens to your address.)
④ Visit Moby, connect your wallet, and start trading
⋇ Types and quantities of tokens are as follows:
(0.05 ETH (for gas fee), 60,000 USDC, 30 WETH, 2 WBTC)
⋇ Currently, you only need USDC to open each position with ‘Pay Less’ Feature
Various Types of BTC/ETH Options Positions
1. Long Call Options Position (Buy Call Spread)
① Click “Trading” to trade options
(Enjoy high leverage and narrow spreads with no Liquidation)
② Select underlying asset between BTC and ETH
③ Click “Call” to trade Call options
④ Select expiry
(Currently, you can select 4 different expiry)
⑤ Choose strike price and click “Buy”
(you can check Greeks info by putting your mouse over the options price)
⑥ Choose amount of options to buy
(Or, choose the amount of asset to buy options alternatively)
⑦ Click “Pay Less” to buy Call Options
(If you want to purchase a single option, Click “Pay More” 🤓)
⑧ Click “Buy Call Spread” to buy Call Spread
(It may take a few seconds due to orders being queued before execution)
🔥 Check this out: Premium you’d pay for the option is significantly lower(30,759 → 20,144) with ‘Pay Less’ feature! In certain areas, you’re poised for substantial gains!
💡Tip 1: Long Call Options Position, you’re just shelling out the premium
This lets the whale trader leverage up for a hefty Notional Volume💡Tip 2: The number of option contracts you can open is arranged by your Balance and the Liquidity of the LP (Short-Term, Mid-Term)
Moby, driven by its pioneering SLE(Synchronized Liquidity Engine) model, takes advantage of even more liquidity with ‘Expiry switching’.
2. Short Call Options Position (Sell Call Spread)
① Click “Trading” to trade options
(Enjoy high leverage and narrow spreads with no Liquidation)
② Select underlying asset between BTC and ETH
③ Click “Call” to trade Call options
④ Select expiry
(Currently, you can select 4 different expiries)
⑤ Choose strike price and click “Sell”
(you can check Greeks info by putting your mouse over the options price)
⑥ Choose amount of options to sell
(Or, choose the amount of asset to sell options alternatively)
⑦ Click “Deposit Less” to sell Call options
(If you want to purchase a single option, Click “Deposit More” 🤓)
⑧ Click “Sell Call Spread” to Sell Call Spread
(It may take a few seconds due to orders being queued before execution)
💡Tip 1: To take a short options position you need to have at least as many assets as the underlying asset. However for now, USDC is enough to open a position!
Until MOBR2, you needed to lock 50 BTC to sell 50 options. Now, you can achieve the same with just a fraction of that amount and even secure an options premium equal to your collateral!
💡Tip 2: The Notional Volume occurred in options contract is linked to the price of the Underlying Asset.
For example, if you execute 1 BTC options contract, the Notional Volume is $52,000(Current BTC Price), and if you execute ETH options contracts, it’s $6,000(Current ETH Price*2).
3. Long Put Options Position (Buy Put Spread)
① Click “Trading” to trade options
(Enjoy high leverage and narrow spreads with no Liquidation)
② Select underlying asset between BTC and ETH
③ Select expiry
(Currently, you can select 4 different expiry)
④ Click “Put” to trade Put options
⑤ Choose strike price and click “Buy”
(you can check Greeks info by putting your mouse over the options price)
⑥ Choose amount of options to buy
(Or, choose the amount of asset to buy options alternatively)
⑦ Click “Pay Less” to buy Put options
(If you want to purchase a single option, Click Pay More🤓)
⑧ Click “Sell Call Spread” to buy Put Spread
(It may take a few seconds due to orders being queued before execution)
💡Tip 1: The combo lets you enter the game with less cash, meaning tapping into higher leverage(Leap from 36x to 73x leverage)
💡Tip 2: for Long Put Options Position, you’re just shelling out the premium
This lets the whale trader leverage up for a hefty Notional Volume.
4. Short Put Options Position (Sell Put Spread)
① Click “Trading” to trade options
(Enjoy high leverage and narrow spreads with no Liquidation)
② Select underlying asset between BTC and ETH
③ Click “Put” to trade Put options
④ Select expiry
(Currently, you can select 4 different expiry)
⑤ Choose strike price and click “Sell”
(you can check Greeks info by putting your mouse over the options price)⑥ Choose amount of options to sell
(Or, choose the amount of asset to sell options alternatively)
⑦ Click “Sell Put Spread” to sell Put options
(If you want to purchase a single option, Click Deposit More🤓)
⑧ Click “Sell Put Spread” to sell Put Spread
(It may take a few seconds due to orders being queued before execution)
💡Tip 1: Deposit Less! Incredible efficient? Required collateral has dropped from 1.6M to just 90K
💡Tip 2: To complete missions, execute a variety of strike price options positions.
Manage Options
① Manage positions by closing any time before expiry or settle at expiry
(In “My Positions,” you can check your open positions, including the quantity, PnL, and Greeks)
② Click “Close” to close options position
(For option positions that have expired, Click “Settle” for settlement)
③ At “Close” or “Settle”, Check positions with combined P&L
④ Finalize decision
(It may take a few seconds due to orders being queued before execution)
💡Tip: Close before expiration to become an active and diligent trader!
Trade History
① Click “History” to check traded options
② Click “Period” to check the detail information
③ Check the necessary resources and make comparisons
(Enjoy high leverage and narrow spreads with no Liquidation)
💡Tip: You can also directly check account’s traded option on Discord. This will assist in checking whether you have completed your missions.
This article is MOBR3’s first-week playbook of Moby,
If you’re still a smol whale trader, it is recommended that you follow the script through Week4 🏄♂️
- Check out the article below if you want to take the next step
— Playbook MOBR3: (2) Vitalize Moby’s Liquidity with Your Hands
— Playbook MOBR3: (3) Pro Traders Utilize Every Card They Hold!
— Playbook MOBR3: (4) ‘Conquer the Options Ocean’ Whale’s Trading Competition
Team Moby always welcomes early users’ hands-on feedback✍🏻
Got more questions? Don’t hesitate — dive into 👾Discord and let’s chat!
Please actively follow Moby which provides the best liquidity, narrowest spread, and finest trading experience!🌊
Moby: The Next Options Protocol with Maximized Liquidity
• More than 1,000x leverage without liquidation for traders
• Accurate options price based on real-time IV and Futures data
• Dynamic risk premium based on LPs’ real time Greeks risk to provide narrow spread
• Tokenized options positions to integrate with other DeFi, RWA and structured products
• TradFi style infra (Prime Brokerage, Clearing House) to boost capital efficiency
• Moby is the first-ever options protocol to receive the Arbitrum Foundation Grant prior to mainnet launch.
