⚡ LIVE OPTIONS
FIRST OPTIONS PROTOCOL ON BITCOIN L1

Trade Calls
& Puts
on Bitcoin.

Trustless options marketplace on Bitcoin L1. Write covered options, buy leverage, exercise on-chain. No counterparty risk. No middlemen.

—Open Interest
—Active Options
—Open Calls
—Open Puts
—24h Volume
Options Marketplace
LIVE
6 Active Options
Write an Option
CREATE
📈
CALL Option
Buyer profits if price rises above strike
📉
PUT Option
Buyer profits if price falls below strike
Price at which option can be exercised
What the buyer pays you upfront
Locked until exercise or expiry
PAYOFF DIAGRAM
Writer's perspective
STRIKE
Max Profit (Writer)
—
Max Loss (Writer)
—
Breakeven
—
Collateral Locked
—
Your Portfolio
POSITIONS

Options Held

0
active positions

Options Written

0
as writer

Unrealized P&L

+0
tokens

Premium Collected

0
tokens earned
OptionTypeStrikePremium Paid ExpiryStatusP&LAction
Connect wallet to view positions
How It Works
MECHANICS
01
✍️
Writer Locks Collateral
Option writer locks collateral in the smart contract. For CALLs, they're selling the right to buy at strike. For PUTs, they're guaranteeing to buy at strike.
02
💸
Buyer Pays Premium
Buyer pays the premium upfront. Premium goes to writer immediately. Buyer receives the right — but not obligation — to exercise before expiry.
03
⚡
Exercise On-Chain
If profitable, holder calls exerciseOption(). Smart contract calculates profit and distributes collateral automatically. No intermediaries.
04
⏰
Auto-Expiry
After expiry block, anyone can call expireOption(). Collateral returns to writer automatically. Trustless settlement on Bitcoin L1.