OptSwap
  • What is OptSwap?
  • Quick Start
    • Concepts & Definitions
    • Making Your First Trade
    • Managing Your Orders
    • Managing Your Positions
  • User Manual
    • Trading
      • Limit Orders
      • Option Spreads
      • Advanced Order Types
        • Batch Orders
        • All-or-None Fill Type
        • Multi-Legged Strategies
      • Automated Market Maker (AMM)
        • Managed Orders
        • Aggregated Spot Price
        • Liquidity Provider Rewards
        • Match Finder Rewards
      • Modify & Cancel Orders
      • Positions
        • Converting Positions
      • User Accounts
      • Options Oracles
      • Margin Requirements
      • Fees
    • Settlements
      • Exercise Option
      • Force Cash Settlements
      • Recover Margin
      • Automated Settlements
        • Settlements Execution Rewards
    • Meta Oracle
      • Methodology
      • Fetching Price Data
      • Price Mining
      • Managing Oracles
      • Donations
    • Governance
      • Concepts & Definitions
      • Tokenomics
      • Proposals
      • Proposal Types
      • Voting & Execution
      • Fundraising
      • DAO Treasury
      • Commercial Papers
      • Airdrops
      • Staking
      • OptSwap Miner
      • Contracts Registry
      • Testnet Faucet
      • Donations
  • Technical Reference
    • API Overview
    • Smart Contracts
      • Deployment Addresses
      • MetaOracle
      • OptSwap
      • OptSwapAMM
      • OptSwapDAOAirdrops
      • OptSwapDAOFundraising
      • OptSwapDAOGovernance
      • OptSwapDAOStaking
      • OptSwapDAOToken
      • OptSwapDAOVeToken
      • OptSwapDAOCommercialPaperToken
    • Subgraphs
      • Endpoints
      • Entities
      • Querying
        • Example Queries
    • REST API
      • Endpoints
      • API Methods
  • Other
    • Terms and Conditions
    • Risk Warnings
    • Privacy Policy
Powered by GitBook
On this page
  • I. Understanding the Positions screen
  • II. Adding or Exiting Positions
  • III. Underlying/Physical Delivery
  • IV. Cash Settlement with Swap
  • Further Reading

Was this helpful?

  1. Quick Start

Managing Your Positions

"If I have positions going against me, I get right out; if they are going for me, I keep them." — Paul Tudor Jones

PreviousManaging Your OrdersNextTrading

Last updated 10 months ago

Was this helpful?

In this guide, we will cover the following topics:

  1. Understanding the Positions screen

  2. Adding or Exiting Positions

  3. Settlement by Physical Delivery – settling the underlying asset

  4. Settlement by Cash – settling cash via a swap

I. Understanding the Positions screen

1. Position Filters

You can use various filters to shortlist your positions across markets and specific contracts.

2. Open Positions

The list of open positions are displayed along with the average entry price, current mark-to-market plus bookedf profits & losses and other relevant contract information.

3. Position Actions

Depending on the type of position and whether it's expired or not, the various possible actions are displayed allowing you to Add, Reduce or Exit your positions. You can also choose to create a managed order via the AMM.

Expired positions will have a different set of actions compared to Open positions (shown below.)

II. Adding or Exiting Positions

Clicking the "Add" button allows you to increase the number of lots you have bought or sold. Clicking "Exit" allows you to reduce the number of lots bought or sold and close your position in a single order.

III. Underlying/Physical Delivery

After the options contracts have expired, a different set of actions ("Settlement Actions") are possible, allowing the buyer to exercise the underlying asset or settle with the cash token.

Clicking "Exercise" allows for physical settlement of the underlying asset. In this case, the buyer is required to deposit 5600 USDC to settle a 0.1 WBTC long 56000 call option.

IV. Cash Settlement with Swap

Alternatively, the underlying asset (WBTC) can be partially encashed to settle the In-The-Money amount for the option by clicking "Partial Encash" or "Cash Settle."

In this case, the option seller's underlying asset margin is partially swapped into the required settlement amount which is sent to the buyer. The remaining margin amount is refunded to the seller who can subsequently withdraw it from the DEX.

Further Reading

Exercise Option
Force Cash Settlements
Recover Margin
Automated Settlements
Open Positions
Expired Positions Actions
Exercise 0.1 WBTC 56000 Call Option
Cash settlement after partially swapping the underlying asset for cash