Learning about options in Kucoin

Hello Cryptoworld!

In this post, I want to share my learning about options in Kucoin.
Learning about options, I am checking how options works at Kucoin. I am still not decided to try it. In the example I am exploring it is required a little bit more than 1000 USDT.

In this case it is a Call option.

The strike is 85,500, which it is just over passing at the momentof this post. It looks it could be a possible opportunity for a day deadline if BTC cross over 86,566.90 USDT.

I asked Financial Assistant, here what I got:

blockquote
This option is a call option for Bitcoin (BTC) with a strike price of $85,500, expiring on March 4, 2025. Here’s a breakdown:

• Recommended: This option is categorized as "within 1 week," indicating a short-term opportunity.
• Estimated Cost: The cost to buy this option is 1,066.9 USDT per contract.
• Estimated Profit: If the BTC price is above the strike price at expiration, the estimated profit is 40.59%, which translates to approximately 433.1 USDT.
• Breakeven Price: To break even, BTC needs to be above $86,566.9, which is about 1.47% higher than the strike price.

Well, I am not in possibility to take this one. But I can practice to see how the price works, even if it is not the same feeling once you put real money at least I am taking number and preparing myself for a possible one when some money is in my pockets, actually in my Kucoin wallet.

Now, lets take a look of a possible put.
With a strike of 85,000, we need 1,042.40 USDT. Deadline is also one day.

Well, it looks with some 1,000 we can experiment this options.
I will look for some videos to learn more about it.
Note that this is not a financial advice!

That's all for now!

Thank you for your support!

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