In this article, we'll show you how Unified Trading Terminal (code name — UTT) can increase profits when trading options.
Let's dive into it
On Arbitrum, you'll find 4 different option protocols. They're all designed to help you trade options with similar strikes and periods but with different prices.
❗️The most crucial factor in options trading is the option cost.
It determines whether your ROI will be high or low, and it's also the factor you should use to determine how much capital you need to put into each trade.
🤑 The lower the option cost - the higher potential ROI %
🔎 To find the cheapest option, traders need to complete these 5 steps:
-
Open 4 tabs in browser (Hegic, Dopex, Lyra, and Premia)
-
Connect your wallet and understand the interface of each protocol.
-
Select strike, period, and enter the amount in EACH interface.
-
Compare the prices and find the cheapest.
-
Finally, buy the option.
😎Or you can find the cheapest option in two clicks using Unified Trading Terminal.
1⃣Step one: enter parameters of the option (asset, direction, period, and amount)
2⃣Step two: buy one
Unified Trading Terminal shows options prices considering the option size.
⬇️🤓Let’s see why it matters.
If you're buying 1 ETH-CALL option on PremiaFinance, it costs $19.25, while Lyra's price is $20.36.
That's a difference of just $1.11 - so why does it matter if you trade options from one market or another?
Well, if you're buying 100 ETH CALL, Premia Finance charges $31.5, while Lyra Finance charges only $24.46 for the same size.
That's a savings of $724—or 22% of your capital!
Unified Trading Terminal shows options cost considering size → you can easily find the best trading opportunity in two clicks.
🌊 Another problem with options trading is a lack of liquidity when the market is volatile.
On 13 Mar, only 2 option protocols had liquidity to buy the ETH-CALL option (Hegic and PremiaFinance ).
In volatile times, it's important to buy the option you want fast. Otherwise, there may be no liquidity, or the price will skyrocket.
The Unified Trading Terminal allows trade options from multiple markets in one interface.
🧑🏭We’re working on integrating Hegic Options, and more markets will be added soon (Lyra Finance, Dopex, Premia Finance)
Right now, you can trade on GMX and Gains Network in Unified Trading Terminal
➡️ https://terminal.dedelend.co
