Digital Options

A Digital Call Option pays off if underlying asset price ends up above a certain level at expiry, while a Digital Put Option pays off if underlying asset price ends up below a certain level at expiry.

Bet on whether the market will finish above or below your defined level and get paid accordingly.

Choose Type: Call Option | Put Option

Choose Side: + Long ; Buy | - Short ; Sell

Size: 1 unit is equivalent to exposure equivalent to 1 $ of payoff at any underlying price at expiry above the strike.

if underlying price > strike, payoff is 1$ per 1 unit.

Ithaca strikes

Unit price is an input variable. System feeds a ‘ suggested ‘ price, which is a theoretical mid price based on Ithaca protocol proprietary pricing model: these prices are not tradable neither are they guaranteeing a fill of entered. These prices are meant to help anchor a limit price to be entered that may have higher probability of a match.

Premium is size times unit price in case of a digital option bid

Collateral is maximum downside, which is equal to size, in case of a digital option offer