LedgerX Bitcoin Mini Contracts
LedgerX mini contracts represent 1/100 of a bitcoin, or 0.01 bitcoin.
Option premiums on LedgerX are quoted in terms of 1 Bitcoin, meaning you can trade a fraction of the option premium listed on the options chain.
For example, let’s take a look at the September $10,000 strike. we can see that the $10,000 call option is trading on the ask side at $788.
If we want to buy one contract, we will pay $7.88. buying this contract gives us the right to buy 1/100 of a bitcoin at $10,000 in September.
If we buy 10 contracts, we will pay $78.80.
If we buy 100 contracts, we will pay the full ask quoted on the options chain. buying 100 contracts gives us the right to buy a full bitcoin at $10,000 in September.