Binance offers a variety of options when it comes to trading vanilla options. Here is a step-by-step guide on how to do so:
1) Log in to your Binance account and go to the ‘Derivatives’ tab.
2) Select the ‘Vanilla Options’ product from the list of options.
3) Choose whether you want to buy or sell an option, and select the expiry time.
4) Enter the amount of USDT you want to trade, and click ‘Buy’ or ‘Sell’.
5) Your position will now be open, and you can monitor it from the ‘Positions’ tab.
To close your position, simply go back to the ‘Derivatives’ tab and select ‘Close Position’. You will then need to enter the amount of USDT you want to sell, and click ‘Confirm’.
NOTE: WARNING: Trading Vanilla Options on Binance carries a high degree of risk and may not be suitable for all investors. Before trading on Binance, you should carefully consider your financial circumstances and level of experience. You should be aware of the risks associated with trading Vanilla Options, including the potential to lose more than your initial investment. If you are unsure about whether trading Vanilla Options is right for you, please seek independent advice from a financial professional.
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