Atlantic Straddles
Walkthrough
- 1.
- 2.Make sure you are connected to the Arbitrum network. Connect by selecting the Arbitrum network from the Change Network option next to your wallet button.
- 3.Once connected, you can see all Dopex offerings in the top Menu ranging from Portfolio to Trade.
- 4.Head on over to the Straddles page by clicking on the Options and then the Straddles sub-menu.
- 5.You are now on the Dopex Straddles page. Here you will find all Dopex Straddle offerings. Click on the Manage button to manage the Straddle of your choice.
- 6.You are now on the Straddle page of the token of your choice.
- 7.Let’s take a look at the information displayed.
- Epoch: To see which epoch you are currently on. Use this list to navigate to old epochs.
- Funding%: The rate at which funds will be borrowed
- Total Liquidity: Current available liquidity
- Annualized Premium: Rewards for depositors
- Utilization: Amount of deposits which have been brought by straddle buyers
- Epoch Length: Number of days in which the current epoch will end
- Implied Volatility: Implied volatility of the option which will be purchased for straddles
- Premiums: Total premium generated by Purchases for Depositors
- Let’s take a look at the sections displayed
8.
- Deposits: Lists all your deposits with various information. It displays the amount you deposited for which epoch and how much rewards it has accumulated.
- Positions: List all the Straddles you bought with various information. It displays the number of straddles you bought at what strike price(spot price at the moment of purchase). It will also show your loss and profit and the epoch in which the straddles were brought.
- 1.Make sure your wallet is connected and the Arbitrum network is selected
- 2.On the right side of the Straddles page, you will see a section to perform Deposit and Purchase
- 3.Select Deposit
- 4.Enter the amount of USDC you want to deposit
- 5.Turn Rollover on if you want your deposit to be carried forward to the next epoch in order to continue writing straddles for new purchasers. Turn it off if you do not want your deposits carried forward.
- 6.Hit the Deposit button and Accept the transaction in your wallet. If you are making the deposit for the first time - you will be asked to approve the token before you can make the deposit. Both Approve and Deposit actions need gas for the transaction.
- 7.So that you know, you are not required to choose a strike price when depositing for Straddles since they are always written with the current spot price. This means the strike price will be taken as the spot price of your token at the time the straddle is purchased.
- 8.After the transaction completes, you can see your deposits in the Deposits section as mentioned in point 8 a. of the walkthrough.
- 1.Make sure your wallet is connected and the Arbitrum network is selected
- 2.For each of your deposits in the Deposit section, you can see Withdraw button under the Action title
- 3.Click on Withdraw button.
- If rollover was enabled while making the deposit, you must disable the Automatic rollover first. You can disable Automatic rollover by clicking on the Disable button for Automatic rollover.
- Once disabled click on Withdraw and accept the transaction. This will automatically send funds to your address when the epoch expires.
- If rollover was disabled while making the deposit - Click on withdraw and accept the transaction. This will automatically send funds to your address when the epoch expires.
- 1.Make sure your wallet is connected and the Arbitrum network is selected
- 2.On the right side of the Straddles page, you will see a section to perform Deposit and Purchase
- 3.Select Purchase
- 4.Every “Straddle” purchase amounts to a 50% call, and 50% put purchase.
- 5.Enter the amount of Straddles you want and click the Purchase button.
- 6.If you are Purchasing for the first time - you will be asked to approve the token before you can make the purchase. Both Approve and Purchase actions need gas for the transaction.
- 7.Note that you are always purchasing at the current spot price for Straddles thus why choosing a strike is not required. In other words, the strike price will be taken as the spot price of your token at the time the straddle is purchased.
- 8.After the transaction completes, you can see your purchases in the Positions section as mentioned in point 8 b. of the walkthrough.
- 1.Make sure your wallet is connected and the Arbitrum network is selected
- 2.For each of your Purchases in the Position section, you can see the Exercise button under the Action title
- 3.Click on Withdraw button after the epoch ends and accept the transaction.
Last modified 2mo ago