You are paying for the right to buy bitcoin at the strike price on the expiration date.
- Click the Ask Price
- Enter # of Contracts & Price
- Click Buy to confirm your order
- Confirm Buy Order
Contracts: the number of contracts you want to buy. Minimum quantity = 1.
1 long call option mini contract gives you the right to buy 0.01 BTC at the strike price on the expiration date.
Price: the price you pay for the call option. Options prices are quoted in terms of 1 bitcoin.
Underlying: the amount of BTC you have the right to buy at expiration
Premium: the total dollar amount you pay the seller at time of trade
Break Even = strike price + premium paid
Max Loss = premium paid
Max Gain = unlimited