Quote from: avikz on September 26, 2019, 06:42:59 AM

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If BTC falls below 9k, you can force someone to buy your BTC at 9k]

How come? Can you please explain? I know the options market pretty well and found your statement amusing.

In this above scenario, if no one buys your contract, do your company offers physical settlement? Obviously the trader will have to pay the remaining price!

Please explain!

hmm i think venalli was referring to options trading in general, not specifically to Sparrow Exchange (they have a very helpful community on Telegram https://t.me/SparrowExchange! helped to explain alot of options concepts to a noob like me)

That statement is right if it is on physical settlement, Sparrow I think they only offer cash-settlement (which is like what you said, buyer of the option earns the price difference) for now. But the thing about options is that since you set strike price at 9K, it means as a seller, you are ok to sell it at 9K, so still win-win situation Grin