Step 1: Go to the Options page in the top menu.
Step 2: Select the Market drop-down to switch markets.
Step 3: Select an Expiration Date.
Note: Details about when options expire and how they are settled here.
Step 4: Choose a Strike Price.
Step 5: Select an Option. The Order Form will open on the right.
Buy (Long) Call: I think the price of the asset is going to be higher than the strike price at the expiration date.
Sell (Short) Call: I don’t think the price of the asset is going to be higher than the strike price at the expiration date.
Buy (Long) Put: I think the price of the asset is going to be lower than the strike price at the expiration date.
Sell (Short) Put: I don’t think the price of the asset is going to be lower than the strike price at the expiration date.
Note: Tab the Ask Price to Buy (Long) and Bid Price to Sell (Short) a Call or Put.
Step 6: Enter the order Size.
Step 7: Enter the Limit Price.
Note: The Limit Price defaults to the best Bid Price or Ask Price on the orderbook.
Step 8: Select Review Order.
Note: The interactive Payoff Graph visualizes your Expected Profit and Loss at expiration as the price of the asset changes.
Step 9: Select Submit Order.
Step 10: View your Open Positions and Open Orders.
