Fellow Binancians,
Luno is excited to announce the official launch of Luno Options trading. Options trading is currently only available on the latest version of our mobile app.
Update or download the Luno app here:
Further information:
Important Disclaimers Regarding Options Trading
Premium / Profit Note
The premium is first deducted from the futures wallet balance, and only after is profit calculated. In rare cases, this deduction may cause the futures position to enter liquidation. Before placing an options order, please ensure that you have adequate free margin in your futures wallet balance. Note that to make a net profit on an options trade, the profit must be larger than the premium. Profit will be anything from 0 to infinity, and premium is a fixed value paid at start. Thus options have fixed downside cost paid upfront, and unlimited upside. Net profit for your options trade is profit - premium.
Price Disclaimer
All trades are executed on the market at market price. There is no guarantee that the price you see on screen will be the exact price that you execute at, although it will generally be very close. Small orders, or orders executing during 'normal' market behavior will always be nearly exact, but large orders, or orders that execute during 'volatile' market behavior, may deviate somewhat based on order execution.
Risk Warning
There is no guarantee that your options purchase will execute at a profit after the premium has been deducted. Most options purchases will not be profitable, but a minority will be very profitable. Please use at your own discretion.
Thanks for your support!
Luno Team
2020/04/13
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