Launch your own coin and trade calls and puts on it from minute one. Pick a direction, pick a strike, pick an expiry.
Spot comes off the live market. Volatility is measured from how the coin has actually moved. The premium and the greeks are Black-Scholes on those numbers — the formula is printed below and you can check every figure.
Calls on the left, puts on the right, the live spot row highlighted. Click any row to load it into the desk.
| CALL Δ | CALL θ | CALL | STRIKE | PUT | PUT θ | PUT Δ |
|---|
Live Solana markets, each one with enough trade to price a contract against. Pick one and the desk reloads on it.
A standard launch, nothing unusual about the token itself. The difference is what opens alongside it.
Strikes are laid around the opening price and the expiries you pick are live immediately. No waiting for volume, no listing committee.
Calls and puts on day one, so a position can be taken in either direction before a chart even exists.
Premiums are Black-Scholes. For a call, C = S·N(d₁) − K·e^(−rT)·N(d₂), and for a put, P = K·e^(−rT)·N(−d₂) − S·N(−d₁), with
d₁ = [ln(S/K) + (r + σ²/2)T] / (σ√T) · d₂ = d₁ − σ√T
σ is not a number anyone picked. It comes from how the coin has actually moved: the 5-minute, hourly, 6-hour and daily returns the market reports are each annualised, and the result is the mean of whichever of them came back.
σ_annual = |return over window| × √(525600 / minutes in window)
A coin that has barely moved prices cheap options; a coin that has doubled in an hour prices expensive ones. That is the whole of it.
Delta, gamma, theta and vega are the analytic Black-Scholes derivatives at the same inputs, computed here rather than looked up.
A flat — on the premium, shown on the quote before anything is signed. There is no spread hidden inside the price.
It prices and it quotes. It does not hold your keys, and no position, balance or trade history appears here that you did not just create in this browser.