Bitcoin Cash (BCH) options trading offers investors strategic opportunities to hedge or speculate on price movements. Below, we break down the key details of BCH call and put options listed on JEX.
Bitcoin Cash Call Option (Code: Weekly BCH Call 0919)
Option Basics
- Underlying Asset: BCH
- Contract Type: European Call Option
- Pricing Unit: USDT
- Minimum Price Unit: 0.0001 USDT
- Contract Ratio: 100:1 (Each contract represents the right to buy 0.01 BCH)
Key Terms
- Exercise Price: 417.0968 USDT
- Listing Time: 2018-09-12 17:00:00 UTC
- Expiry Time: 2018-09-19 16:00:00 UTC
- Trading Period: 2018-09-12 17:00:00 to 2018-09-19 16:00:00 UTC
Settlement Details
- Settlement Method: Cash-settled (difference between expiry and strike price)
- Exercise Time: 2018-09-19 16:00:00 UTC
- Settlement Price Determination: Arithmetic average of BCH/USDT prices during the last hour of trading on Huobi.pro and OKEX.com (50% weight each).
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Margin Requirements
- Collateral Asset: BCH
- Margin Rate: 100%
- Minimum Units: Per contract
- Margin: 0.01 BCH per contract + 10 JEX fee
- Refund: Frozen margin released upon expiry or contract cancellation.
Bitcoin Cash Put Option (Code: Weekly BCH Put 0919)
Option Basics
- Underlying Asset: BCH
- Contract Type: European Put Option
- Pricing Unit: USDT
- Minimum Price Unit: 0.0001 USDT
- Contract Ratio: 100:1 (Each contract represents the right to sell 0.01 BCH)
Key Terms
- Exercise Price: 417.0968 USDT
- Listing Time: 2018-09-12 17:00:00 UTC
- Expiry Time: 2018-09-19 16:00:00 UTC
- Trading Period: Same as call option.
Settlement Details
Identical to call options, with settlement price derived from Huobi.pro and OKEX.com.
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Margin Requirements
- Collateral Asset: USDT
- Margin Rate: 100%
- Minimum Units: Per contract
- Margin: 4.1709 USDT per contract + 10 JEX fee
- Refund: Released post-exercise or cancellation.
Risk Disclosure
Options trading involves high risk due to leverage and market volatility. JEX provides these instruments but assumes no liability for investment losses. Always assess risk tolerance before participating.
FAQs
1. What is a European-style option?
A European option can only be exercised at expiry, unlike American options which allow early exercise.
2. How is the settlement price calculated?
It’s the average BCH/USDT price from Huobi.pro and OKEX.com during the last trading hour, weighted equally.
3. Can I withdraw margin before expiry?
No, margin remains locked until the option expires or is canceled.
4. What’s the minimum investment for BCH options?
For call options, 0.01 BCH + fees per contract; for puts, 4.1709 USDT + fees.
5. Are BCH options suitable for beginners?
They’re complex and high-risk. Beginners should educate themselves thoroughly or consult financial advisors.
6. Where can I track BCH prices for settlement?
Monitor real-time data on Huobi.pro and OKEX.com, the designated platforms.
Disclaimer: This content is for educational purposes only. Trading involves significant risk; proceed with caution.