☯️Manage Positions
Last updated
Last updated
In the 'My Position' tab located under 'Trade,' you can view your trades for the current round.
For past rounds, visit Round History
Filled (Open) / Filled (Closed) / Unfilled
Filled (Open): Market Orders and filled Limit Orders. These orders are NOT cancellable.
Filled (Closed): Filled Orders Closed with a reverse trade (Close Under with Over). The PnL here is your final PnL.
Unfilled: Limit Orders that remain within the order book. These orders are cancelable, and will be refunded to your balance upon cancelation.
Market Orders and filled Limit Orders. These orders are NOT cancellable.
ID: Unique ID of your trade(s).
Asset: Underlying Asset (BTC, ETH, etc.)
Strike: The price level you are trading at, represented in price & % since last hour.
Position: Under / Over
Price: You paid this stablecoin amount per unit.
Unit: You traded "n" units. In Lite Mode, every order equals 1 unit.
Amount: Price x Unit
PnL: Current PnL based on mark price of option (subject to change at expiry)
Time: Timestamp of your order(s).
Close: Lock-in Current PnL with a Market Order on the opposite side (ex. Under for Over)
On both Lite/Degen Modes, filled orders for the current round can also be managed in "Trade Tabs."
You can find Tabs on the bottom-right corner of your screen. The floating number indicates the number of trades you filled this round.
Tabs will show Product & Position & Strike & PnL
Scroll right to view all your trades.
Tapping on each trade will prompt a "Close Position" screen.
For an Over position,
if the current price of the token moved higher, your option position will have a higher chance to win at expiry (=in-the-money) and the price of the option will go up, hence your P&L will go up.
Conversely, if the price moved lower, you P&L will become negative.
For an Under position,
If the current price of the token moved higher, your option position will have a lower chance to win at expiry (=in-the-money) and the price of the option will go down, hence your P&L will go down.
Conversely, if the price moved lower, you P&L will become positive.
Please note that this P&L scenario is also subject to change towards expiry.
Close Trade
Click "Close" on a Filled Order to lock-in your current PnL with a Market Order on the opposite side (ex. Under for Over). A pop-up will display order details. Expand "Order ID" to view your original order.
Manual Closing
Users can also manually close their positions by entering into the opposite position at the same Strike.
Users can lock in a profit if the total price paid for the two opposite positions (Under and Over) is less than $100.
Ex) For Strike 100%,
if a user bought an Under position at $45,
then added an Over position at $48 when the market moved in favor of the user,
the user paid $93 to build a position that makes $7 (subject to fees) at expiry.
