Instruments
Vanilla Options
Types of Order
Moby's current matching engine allows only market orders
Orderbooks and limit orders will be offered in the future
Users can execute orders for the following
Buy Call Options
Sell Call Options
Buy Put Options
Sell Put Options
Contract Specification
Underlying Asset
wBTC (0x2f2a2543B76A4166549F7aaB2e75Bef0aefC5B0f)
wETH (0x82aF49447D8a07e3bd95BD0d56f35241523fBab1)
Other underlying assets will be added moving forward
Tick Size
Less than $1^(-6)
Contract Multiplier
1X
Trading Hours
Available 24/7
Open / close available up to 30 minutes before option expires
Strike Prices
Options with significant liquidity on Deribit, OKX, and Bybit
Expiration Dates
Short-term OLP: 1 day, 2 days
Mid-term OLP: 1 week, 1 month
Exercise Style
European
Options can only be exercised on expiration date
Settlement Value
Settled in collateral assets (BTC / ETH / USDC) immediately
Settlement value is determined by averaging the corresponding Moby’s Futures Index over the last 30 minutes before expiration
Initial Margin
Buy Call/Put Options: None
Sell Call/Put Options: 100% collateral for underlying assets
Maintenance Margin
Buy Call/Put Options: none
Sell Call/Put Options: No liquidation; Requires 100% collateral when traders take sell position
Mark Price
Current value of option calculated by Moby's SLE Pricing Module
Fees
Trade Fee
0.03% of notional value
Max 50% of Execution Price
Settlement Fee
0.02% of notional value
Max 50% of Execution Price
For more details about Fees, please read:
Combo Options
Types of Order
Moby's current matching engine allows only market orders
Orderbooks and limit orders will be offered in the future
Users can execute orders for the following
Buy Call Spread
Sell Call Spread
Buy Put Spread
Sell Put Spread
Contract Specification
Underlying Asset
wBTC (0x2f2a2543B76A4166549F7aaB2e75Bef0aefC5B0f)
wETH (0x82aF49447D8a07e3bd95BD0d56f35241523fBab1)
Other underlying assets will be added moving forward
Tick Size
Less than $1^(-6)
Contract Multiplier
1X
Trading Hours
Available 24/7
Open / close available up to 30 minutes before option expires
Strike Prices
Intervals one unit smaller than those of Vanilla Options on Moby
Expiration Dates
Short-term OLP: 1 day, 2 days
Mid-term OLP: 1 week, 1 month
Exercise Style
European
Options can only be exercised on expiration date
Settlement Value
Settled in USDC immediately
Settlement value is determined by averaging the corresponding Moby’s Futures Index over the last 30 minutes before expiration
Initial Margin
Buy Call/Put Options: None
Sell Call/Put Options: Requires 100% collateral for max payoff
Mark Price
Current value of option calculated by Moby's SLE Pricing Module
Fees
Trade Fee
0.03% of Notional Value
Max 50% of Total Execution Price
Settlement Fee
0.02% of Notional Value
Max 50% of Settle Payoff
For more details about Fees, please read:
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