Introducing Easy Options to Simplify Options Trading
Now Trade Options On The Go
Snapshots:
- Trade Options without learning any complex jargon on a simple User Interface.
- Predict the direction of the price movement and get multiple daily, weekly and monthly trading strategies.
- Trade your Options Contract without paying any gas fees.
With new developments in the blockchain space, traders and investors are looking for various trading products that could help them manage their risks. One of the many ways in which traders can earn income and also hedge their risk in the market is by trading in options. It is an investment strategy that offers many advantages. One of the main advantages is that trading options require you to commit less capital than any other market trade requires. You can even make as much or more profit as compared to other types of trades. This can mean more money in your pocket for a smaller investment.
Many people say, options trading is not for everyone and we are here to change that for you!
If you have tried options trading in the past but got confused by the complex user interface of different trading platforms and concepts like call, put, implied volatility (IV), Delta, Gamma, Vega, Theta, Rho, and more, then fret not! Oddz Finance has come up with a unique “Easy Options” trading platform that provides users with a simple user interface.
Easy Options is a simple and low-risk options trading product developed for beginners that will allow them to trade in various cryptocurrency options without worrying much about the complex jargon and concepts used in the industry.
Easy Options removes any dependencies of any options writers. You directly buy the options contract from the platform. You will be given daily, weekly, and monthly options strategies based on your price prediction for the underlying asset. To start off, options traders can now make a profit by trading in ETH and BTC options.
All you need to do is predict whether the price of ETH and BTC will be up or down in the coming days. Trading Easy Options means that your losses are predefined, thus providing users with great capital protection.
How to use Easy Options?
An expectation of the price going up means Call and an expectation of the price going down means Put. Once we have chosen the token and the direction in which we expect their price to move, we provide you with three different scenarios which are — Small Move, Average Move, and Big Move.
For example, you might predict the price of ETH to go down next week. In that case, using the Implied Volatility, that will be provided to us by Chainlink’s Implied Volatility (IV) data feeds, our ML algorithm will be able to calculate the cost of each option, the loss associated with them, and the maximum profit that you will be able to make. In simple words, we tell you exactly what you should do with your views on the market by providing the best possible option contracts using our tested algorithms.
Want to buy the Average Move option? Click on the number of contracts you wish to purchase. On clicking the Virtual Trade button, you will now get additional details about your contract, which include the expiration date of the contract, the strike price, the current price of the underlying asset (ETH in this case), your breakeven price, and the quantity of the contracts purchased.
What matters the most to any trader is the information about their maximum profit, maximum loss and breakeven price. Once you have that, everything will be a cakewalk!
The $598 collected as a payment for the options contracts will be distributed among the Liquidity Providers (LPs), based on their contribution. While some portion of the $28 transaction fee will be distributed as the staking reward to all the stakers of oUSD tokens, the remaining portion will be distributed to people who stake their $ODDZ tokens. If you accept the terms of the contract, click on Trade to unlock your tokens, verify your transaction and buy the contracts.
Trading options could not get easier than this!
Watch the demo to Easy Options here.
About Oddz
Oddz Finance is a trustless On-Chain Option trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional tokens agreements, and futures contracts in a fast, secure, and flexible manner.
It employs the synergies of Ethereum, Binance Smart Chain, and Polkadot to unleash the potential decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience.
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