How to trade DLTA with a 0 fee and make a profit?

Here’s what we’ve been working on for some time — now you can trade DLTA with a 0 fee (delta.theta charges nothing for DLTA token trading operations). You pay only a network fee — the minimum fee is on BSC, but you can also trade either on Ethereum or Polygon.

Three steps to get started:

  1. Transfer your DLTA token to your wallet;
  2. Make sure that you use metamask or any other convenient wallet to connect to a terminal;
  3. Go to https://deltatheta.tech => PRO terminal => BSC network.

What is an option? It’s a contract that gives the buyer the right to buy/sell an asset at a strike price within a specified period, and the seller is obliged to execute an option.

Case 1: You believe that DLTA will grow, hence, you buy CALL option. The current price is 0.26, but you tend to think that by next Friday it will increase up to 0.3. You buy CALL option for 1 contract (100 DLTA) for 1 BUSD with a strike price of 0.26.

Let’s say that your prediction was right and on Friday the price is 0.3. As a result, you’ve spent 1 BUSD and earned (0.3–0.26)*100 = 4BUSD.

Case 2: You’re expecting that the price for DLTA will fall, hence, you buy PUT option. The current price is 0.26, but you tend to think that by next Friday it will drop to 0.2. You buy PUT option for 1 contract (100 DLTA) for 1BUSD with a strike price of 0.26.

Let’s say that your prediction was right and on Friday the price is 0.2. As a result, you’ve spent 1 BUSD and earned (0.26–0.2)*100 = 6BUSD.

It’s crucial to understand that if you BUY options you PAY a fee and this turns out to be your minimum hypothetical loss. If you bought the CALL option for 1 BUSD with a strike price of 0.26, but the price remained 0.25, the option is out of money. Your loss is 1 BUSD.

Let’s have a look at how you can buy/sell DLTA and make a profit:

Case 3: You hold DLTA and consider 0.26 as a pretty seductive selling level. Your market offer is selling DLTA CALL option for 0.26 and by next Friday you want 1 BUSD for each contract (1 contract = 100 DLTA). You’re a CALL option seller. To sell you should have DLTA on a connected wallet — 100 DLTA for 1 contract. On Friday DLTA will cost 0.3 and the option will be executed for 0.26.

What’s happened: You sold DLTA for 0.26 and were paid 1BUSD for the trade execution. Delta.theta on an execution date took your collateral and sold the option through DEX for 0.3 in the amount of 100 tokens. Then, you got 26 BUSD + 1 BUSD (a CALL option buyer paid you for the possibility of trade execution), and 4 BUSD were sent to a CALL option buyer.

Case 4: You don’t hold DLTA and think that 0.26 is a good price for buying it. Your market offer is selling DLTA PUT option for 0.26 and by next Friday you want 1 BUSD for each contract (1 contract = 100 DLTA). You’re a PUT option seller. To sell you should have BUSD on a connected wallet — 0.26*100 = 26 BUSD. On Friday DLTA will cost 0.2 and the option will be executed for 0.26.

What’s happened: You bought DLTA for 0.26 and were paid 1 BUSD for the trade execution. Delta.theta on an execution date took your collateral and bought DLTA through DEX for 0.2 in the amount of 100 tokens. Then, you got 100 DLTA for 0.26 + 1BUSD (a PUT option buyer paid you for the possibility of trade execution), and 6 BUSD were sent to a PUT option buyer.

By selling options you get a premium and a possibility of buying/selling an asset for an estimated price. Thus, trading DLTA on delta.theta gives you:

  • Non-custodiality — assets remain in your wallet till the moment of execution;
  • Other market players pay you for your desire of buying/selling an asset;
  • 100% guarantee of payment;
  • Actual trade price = 0.

P2P options trading platform on Binance Smart Chain, Ethereum