Options
Crypto options are for everyone seeking lower costs and risk when trading digital assets. Let us help you simplify the differences between this derivatives product and the rest. From trading strategies to contract explanations, we've got you covered.
Total Articles
31
Implied volatility explained: What IV means for options
Implied volatility reflects expected price movement magnitude, not direction. Learn how IV affects option values and how to interpret it on Bybit.
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Delta hedging: How to size and rebalance a hedge
Learn how delta hedging offsets directional exposure, size a simple option hedge, rebalance it as delta changes and understand the remaining risks.
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Understanding options pricing: What drives premiums
Learn how option premiums reflect intrinsic and extrinsic value, what moves a model price, and why live bids and asks can differ from that estimate on Bybit.
Option Greeks explained: Delta, gamma, theta and vega
Learn what delta, gamma, theta and vega measure, how they affect an option position, and why Greeks are estimates rather than promises of profit.
How to trade crypto options on Bybit
Learn the basics of crypto options trading and how to trade options on Bybit.
Bull call spread: A strategy for a moderate price rise
Learn about the bull call spread options trading strategy, its benefits and limitations, and how to trade it on Bybit.
Covered call: Earn premium while capping upside
Learn how a covered call works, how strike and expiry shape the payoff, and how Bybit pairs a long futures position with a short call.
Straddle vs. strangle options: Two ways to trade volatility
Learn about the straddle and strangle options strategies, their key characteristics and the way to trade them on Bybit.
Protective put: How to hedge downside risk with options
Learn how a protective put pairs a supported long futures position with a put on Bybit. See a BTCUSDT Perpetual example, expiration payoff and margin risks.
Commodity options: What makes them different from equity and crypto options
Commodity options are shaped by supply, seasonality and geopolitics. Learn what makes them different and how XAUT Options work on Bybit.
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