Thales
Search…
Example of a sLONG Payoff
Suppose Joe buys an sLONG option for 0.50 sUSD for the BTC-100,000-DEC31 market.
The underlying asset is Bitcoin.
The strike price is $100,000.
The expiry date is 31 December 2021.
If the underlying asset price is greater than or equal to $100,000.00 on expiry then Joe's sLONG token expires in the money and Joes makes 0.50 sUSD.
If the underling asset price is strictly less than $100,000.00 on expiry then Joe's sLONG token expires worthless.
Last modified 3mo ago
Copy link