This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance OTC is excited to unveil Multi-Leg Options, an exciting enhancement to our Options Request for Quote (RFQ) platform. This new feature allows users to execute complex options strategies by combining multiple legs into a single, streamlined order.
Multi-leg options strategies are a popular approach to options trading, offering enhanced flexibility, and improved risk management. These strategies provide several benefits, including earning premiums without incurring option premium costs, clearly defining risk tolerance, minimizing premiums paid, and capitalizing on diverse market conditions.
Previously, executing multi-leg strategies on the Options RFQ platform required manual execution of multiple orders, which carried execution risks. Traders had to manage several independent trades, adding complexity and potential inefficiencies to the trading process.
Preset Strategies: Select a trading strategy from a range of presets and customize contract parameters using the 'Strategy Selector'.
Optimized Strategy Pricing: The Options RFQ system calculates a combined price for multi-leg strategies, typically more favorable than executing individual legs separately, ensuring maximized profitability.
Optimized Contract Execution: By consolidating multiple orders of a multi-leg strategy into a single order, users minimize risks from price fluctuations during order execution, ensuring peace of mind in volatile markets.
Smoother Trading Experience: The Multi-Leg RFQ interface simplifies advanced options trading, offering a more intuitive and streamlined approach.
Step 1: Access the Options RFQ platform. Head to the Options RFQ page via the VIP Portal. This is your gateway to building and executing multi-leg strategies with ease.
Step 2: Choose Your Strategy. Select from a range of predefined strategies. The strategy selector provides a curated list of popular multi-leg options strategies, saving you time and simplifying your trading process.
Step 3: Request a Quote. Once your strategy is ready, submit your RFQ. The system will generate a customized price quote, optimized for your multi-leg strategy.
Step 4: Review and Execute. Carefully review the details of your quote, including pricing and expected outcomes. Once you’re satisfied, confirm the trade to execute.
Step 5: Monitor Your Position. Stay informed about your trades through the dashboard, designed to make managing and adjusting your positions straightforward.
Thank you for your support!
Binance Team
2025-02-27
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer:
Trading Options carries risks, including the potential for significant losses in a short period of time. Please ensure you have carefully read and understood the terms under the Binance OTC Terms and Options Service Agreement.
The Options RFQ only supports trading for one Call Contract or Put Contract for any Option at a time, which may affect your ability to execute strategies using multiple Option positions.
The platform determines the settlement amount at an option's expiration. If positive, the option is automatically exercised; if not, the option expires.
For Qualified Users who are permitted to write/issue Option Contracts and take Short Positions, for the purposes of this Risk Disclosure, Short Positions shall mean disposing of Eligible Digital Assets by borrowing them and to purchase them back when their price declines. Please note that leverage can boost potential profits but also potential losses. All quotes must meet initial margin requirements and pass position risk limit checks. Rapid market swings might prevent you from adjusting or exiting your position.
You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur.
Past performance does not reliably predict future performance. Invest only in products you fully understand and are comfortable with the risks. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.
