Overview of Options
The Options product offered by SunX is a digital asset options trading tool that uses USDT for pricing and settlement.
Compared with options that use cryptocurrencies as the pricing and settlement asset, stablecoin-denominated options allow investors to enter and exit positions more safely and stably during periods of high volatility, without worrying about a sharp depreciation in the nominal value of the underlying asset.
SunX options are European-style options, meaning they can only be exercised at expiration. However, before expiration, users may buy or sell options at the current market price.
By purchasing an option, the user obtains the right (but not the obligation) to buy or sell the underlying asset at a predetermined price on a specified date.
Options trading involves high risk — while it provides opportunities for greater potential profit, it also carries significant risk. Using options allows traders to benefit from both rising and falling markets while limiting the maximum possible loss to the premium paid.
Click “Open Options Account” and follow the on-screen instructions to complete the account activation.
After activation, the Options Account will appear at the top of the Assets page.
Users who have not yet opened an options account will see a prompt to open an account when attempting to trade on the trading page, guiding them through the account activation process.
2. Funding the Options Account
On the Assets page under Options, click “Transfer Funds” to move USDT from your funding account to your options account.
Enter the amount and click Confirm to complete the transfer.
On the options trading interface, quick fund transfers are supported. Click the Transfer button to perform the transfer.
3. Options Trading
3.1 Market List
On the market list page, all available options for the corresponding cryptocurrency are displayed, including direction, strike price, mark price, best bid, best ask, implied volatility, and other indicators, making it easier to select options for trading.
Users can customize the view based on their preferences, choosing “T-layout”, “Simple layout”, Call Options, Put Options, and specific expiration dates, allowing seamless switching between different options contracts.
Click [ ] to view the option’s latest price and price change information.
Click > to view more detailed information about the corresponding options contract.
Click [ 
] to view the trading rules and fee rates.
3.2 Trading Page
Click on the corresponding item in the market list to enter the trading interface for that options contract.
The trading interface provides basic information about the option, including the order book, order placement, estimated P&L, and positions, among other details.
Click [ 
] to enter the K-line (candlestick) chart for the corresponding contract.
3.3 Placing Orders
The current options trading uses limit orders. Users enter the desired price and quantity in the respective fields, then click Buy or Sell to submit the order.
Currently, users can only buy options or sell options they hold. Selling options short without holding them is not supported.
After entering the quantity and price, the Estimated P&L section will display the projected profit or loss once the order is executed.
3.4 Position Management
Current Orders
Unfilled orders are displayed under Current Orders. Click Cancel to revoke the corresponding order.
Position
For orders that have already been executed, the position displays detailed information, including the position size, average executed price, and unrealized P&L.
Click Close Position, and a close position window will pop up, allowing you to set a close position order.
Supports placing a close position order directly from the order interface.
Account Records
Click Account Records on the right side of the position to view more detailed trading information, including order history, trade history, exercise history, and fund flow.
Account Asset Overview
Account assets are displayed on both the trading page and the assets page.
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