Binance Options Trading for Beginners ( Tutorial in Hindi Urdu)
Options contracts are a type of derivative product that give you the right, but not the obligation, to buy or sell an asset at a specific price.
When you’re buying an options contract, you’re speculating on the price going in a direction. There are two types of options contracts: call options and put options. In the case of a call option, you’re expecting the price to go up. While in the case of a put option, you’re expecting the price to go down.
Premium – This is what you’ll pay to buy the options contract. It’s deducted from your Binance Futures Wallet Balance.
Expiry Date – The duration of time until the option expires. You can choose between 10-minute, 30-minute, 1-hour, 8-hour, and 1-day options. So, if you buy a 30-minute option, you’ll have a 30-minute window to exercise it. If it expires, you’ll only lose the Premium you paid.
Strike Price – The price at which you’ve bought the option.
Close Price – The price at which you’ve exercised the option. This is also known as the Settlement Price.
How to trade options contracts on the Binance mobile app
Step 1. Download the Binance app
Step 2. Activate your Futures account
Step 3. Start trading options contracts