June 7, 2022
How To Purchase Options For Single Staking Option Vaults (SSOV-C and SSOV-P)Product
If you are familiar with Dopex apps, you would know that we offer Single Staking Option Vault deposits, call buying, and put buying on our platform. We cover the workings of these vaults extensively on other articles on our blog page.
This article has been requested by some members of our community for a detailed guide on how to purchase options on our dApp. We will go through each individual step to complete the transaction.
For CALL Options, you will need to buy the asset itself to make a transaction. For PUT Options, you will need 2CRV tokens to buy a Put Option. Click here to read our article on how to acquire these tokens.
The steps to purchase an option on our platform are as follows:
Go to the SSOV App page. Here the Vaults are categorized as Calls and Puts on the right side
Click on the preferred vault that you wish to purchase options from
Click on ‘Buy CALL/PUT Option’ depending on the vault you are purchasing from
Select the strike price and the amount of options you will purchase, the purchase dialog will also show available options for the strike, price, IV, breakeven, and estimated profit & loss
Purchase the option at the strike price you desire
And that’s it! Now you can scroll down and see your purchases in the dashboard below. Here you can settle it after expire IF your options are In The Money (Profitable)
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