You are paying for the right to buy bitcoin at the strike price on the expiration date.
You need USD in your account to purchase options. You can send USD to LedgerX via wire transfer or sell bitcoin on the platform for USD. See Fund Your Account or Buy & Sell Bitcoin.
- Click the Ask Price
- Enter # of Contracts & Price
- Click Buy to confirm your order
- Review
- Confirm Buy Order
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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 |
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